According to an updated filing published on Thursday, Elon Musk has secured $46.5 billion in financial commitments to explore a tender offer for Twitter; Musk may potentially buy shares directly from shareholders.
“The filing says Musk has received commitments for $46.5 billion to help finance the potential deal. Musk has secured about $25.5 in debt financing through Morgan Stanley Senior funding and other firms, and Musk said he has committed about $21 billion in equity financing. The other participating firms include Bank of America, Barclays, MUFG, Societe Generale, Mizuho Bank and BNP Paribas,” CNBC reports.
“Musk has not yet determined he will make a tender offer for Twitter or whether he will take other steps to further the proposal, the filing states.”
Musk teased the move earlier this week when he tweeted “Love me Tender” and “——is the Night”:
🎶 Love Me Tender 🎶
— Elon Musk (@elonmusk) April 16, 2022
_______ is the Night
— Elon Musk (@elonmusk) April 20, 2022
This story is developing…