Elon Musk looks to raise funds to buy Twitter, reports say
CBSN
Tesla CEO and America's richest man Elon Musk is stepping up his bid to acquire Twitter.
Musk, whose proposal to buy the platform for $43 billion was rebuffed by Twitter's board last week, is now said to be looking for financing for the acquisition. Bloomberg News reported that Musk is reaching out to partners across Wall Street to find money for the deal.
Possible sources of funding include private equity firm Apollo Global Management or investment bank Morgan Stanley, which is advising Musk on his acquisition, according to Bloomberg and the New York Post.
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