Elon Musk News: Elon Musk secures $46.5 billion financing commitment for Twitter, explores tender offer

Tesla CEO Elon Musk has secured a $46.5 billion funding commitment to buy Twitter Inc and plans to launch a tender offer for its shares, a filing with US regulators showed on Thursday.

Musk himself has committed $33.5 billion, which will include $21 billion in equity and $12.5 billion in margin loans, to finance the transaction.

According to the filing, banks including Morgan Stanley have agreed to provide another $13 billion loan secured against Twitter.

Musk. Twitter’s second-largest shareholder has offered to buy the company for $43 billion, prompting Twitter to adopt a “poison pill” to limit Musk’s ability to increase stake in the social media platform.

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