Elon Musk laid out his plan to put together a $46 billion package and fund his takeover bid for Twitter, moving forward with a deal that would be one of the biggest leveraged buyouts. [feitas com recursos emprestados de terceiros] of the story.
Tesla’s chief executive has lined up $25.5 billion through loans with a group of banks led by Morgan Stanley, his financial adviser.
He also said he would personally provide $21 billion for the deal, according to a filing with the US Securities and Exchange Commission on Thursday, but did not provide further details on where that portion of the funding came from.
Securing funding is a crucial step for the entrepreneur, who made a hostile $43 billion bid to take Twitter private last week. The conclusion of a deal would make Musk a social media baron with the power to control what he called the “public square of the world”.
Twitter has yet to formally respond to Musk’s offer, but the company’s board of directors agreed last Friday to launch a “poison pill”, a defense move that would thwart a hostile takeover, to circumvent the billionaire’s offer, preventing for anyone to buy more than 15% of Twitter on the open market. Musk currently owns more than 9% of the company.
Musk is expected to use the funding to launch a public offering to all Twitter shareholders in the coming days, putting pressure on the company’s board to negotiate with him.
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