Musk Secures $46.5 Billion Funding to Buy Twitter, Says Ready for Tender Offer

Musk Secures $46.5 Billion Funding to Buy Twitter, Says Ready for Tender Offer
Tesla CEO Elon Musk (C) attends the official opening of the new Tesla electric car manufacturing plant near Gruenheide, Germany, on March 22, 2022. Christian Marquardt/Pool/Getty Images
Emel Akan
Updated:
0:00
Billionaire Tesla CEO Elon Musk has secured the required financing to buy Twitter and take the company private, according to a new regulatory filing. Musk is also exploring a tender offer to buy shares directly from stockholders.

The document shows that Musk has received $46.5 billion in commitment to help finance the proposed deal. If he decides to go ahead with a tender offer, he will approach Twitter shareholders and offer to buy their shares within a specific time frame. He’s still considering whether to launch a tender offer for Twitter, according to the filing.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
twitter
Related Topics