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Twitter Board Reportedly Weighing Deal with Elon Musk
Twitter’s board reportedly met with Tesla’s CEO Elon Musk on Sunday to “seriously” consider a deal to sell him the social media platform. As previously reported by Human Events News, Musk last week secured the necessary funding to make a tender offer to buy the platform. A regulatory filing shows that Musk received $46.5 billion […]
Twitter’s board reportedly met with Tesla’s CEO Elon Musk on Sunday to “seriously” consider a deal to sell him the social media platform.
As previously reported by Human Events News, Musk last week secured the necessary funding to make a tender offer to buy the platform.
A regulatory filing shows that Musk received $46.5 billion in commitments to help finance the proposed deal.
Musk was also contemplating a plan to approach Twitter shareholders directly and offer to buy them out.
According to the document, Musk secured $25.5 billion in debt financing from Morgan Stanley Senior Funding and other financial institutions, including Bank of America, Barclays, and Mizuho. He also committed to provide $21 billion in equity financing.
Human Events
Reporting credited to the Human Events newsroom rather than an individual byline.
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