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elon musk He said on Thursday he has pledges worth $46.5 billion to fund his proposed bid for Twitter and is investigating whether to initiate a hostile takeover for the company.
In documents In filing with the Securities and Exchange Commission, Musk said he was investigating whether to take his offer directly to Twitter shareholders – this has been called a tender offer because it would be without the approval of Twitter’s board and management.
Commitments are a mix of debt and cash. Investment bank Morgan Stanley and a group of other lenders 13 billion dollars debt financing and other $12.5 billion On loans against Mr. Musk’s Tesla stake. Mr Musk is expected to add the following: 21 billion dollars in equity financing.
Last week, Mr. Musk, the richest man in the world, unwanted offer He said he wanted to get it specifically for his social media company and that he wanted people to be able to speak more freely on the service. His proposal, however, was met with skepticism by Wall Street because he did not include details on how he would find the money for the deal.
Mr Musk said he will continue to review his investment on Twitter, which could mean buying or selling more shares. While the Twitter board didn’t reject Mr Musk’s offer, days later he responded with a defensive tactic known as “”.poison pill“If Mr. Musk buys more than 15 percent of the company, Twitter fills the market with new stock from all shareholders except Mr. Musk. was forming a stake in the 50-year-old company and Owns more than 9 percent of Twittermaking it the single largest individual shareholder at one point.
The volatile billionaire hinted that he plans to make a tender offer for days. Said “Love Me Tender” tweeted out Along with the musical notes on Saturday – an obvious reference to a ballad made famous by Elvis Presley and a possible reference to his next move in the takeover battle.
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