Home / World News / Musk races to get Twitter bid financing, may pour in $15 bn of own money

Musk races to get Twitter bid financing, may pour in $15 bn of own money

Musk is evaluating various packages of debt, including more senior debt known as preferred debt and a loan against his shares of Tesla, the electric carmaker that he runs, two of the people said

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Elon Musk is racing to secure funding for his $43-billion bid to buy Twitter

NYT Reuters

5 min read Last Updated : Apr 21 2022 | 3:24 AM IST

Elon Musk is racing to secure funding for his $43-billion bid to buy Twitter.

The Tesla boss is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, the New York Post reported on Tuesday, citing two sources familiar with the matter. The billionaire, who is Twitter’s second-biggest shareholder with a 9.1 per cent stake, is planning to launch a tender offer in about 10 days and has tapped Morgan Stanley to raise another $10 billion in debt, according to the report.

Morgan Stanley has been calling banks and other potential investors to

Topics : Elon Musk Twitter

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