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Elon Musk Considering Tender Offer for Twitter, Says $46 5 Billion Lined Up
Posted
April 21, 2022
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April 21, 2022
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2:40Now PlayingElon Musk is exploring launching a tender offer for Twitter Inc., after the social media company failed to respond to his offer to buy the company for $54.20 a share.
To finance the purchase, “entities related” to Musk have received letters committing to provide funding of about $46.5 billion, according to a securities filing on Thursday.
Morgan Stanley and other financial institutions are providing about $25.5 billion in debt financing and Musk is committed to providing $21 billion in equity financing, according to the filing.
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