Elon Musk Secures $46.5 Billion In Funding For Twitter Bid
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Elon Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction.
Elon Musk has secured a funding commitment of $46.5 billion to buy Twitter Inc and is planning to start a tender offer for its shares, a filing with US regulators showed on Thursday.
Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction.
Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing.
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