The acquisition crisis between Elon Musk and Twitter continues to grow. While the question of where Elon Musk will get the money to buy Twitter has not fallen off the agenda, he said that he received financing commitments from investment banks in his latest regulatory file.
Tesla and SpaceX CEO has pledged funding against potential approval to acquire Twitter. Analyzing the files, experts revealed that Elon Musk has deals from “banks and other organizations” that will provide about $46.5 billion.
Financing commitment from Elon Musk for Twitter bid
Elon Musk, who bought a 9.2 percent stake in Twitter last week, but was not satisfied with this investment, said that he could give $43 billion for the entire platform. . In the final filing, Musk expressed his readiness to begin negotiations with the board of directors.
Some recent claims stated that Elon Musk did not have the money to buy Twitter. According to a new filing with the US Securities and Exchange Commission (SEC), Elon Musk has revealed how he will pay Twitter shareholders.
According to the filing notes, Elon Musk’s corporate commitments include companies like Morgan Stanley. Some organizations, especially Morgan Stanley, can use Musk’s equity and debt financing deals to buy Twitter.
Earlier leaks claimed that the giant investment firm Apollo Global would also take part in Musk’s Twitter bid, but this company was not mentioned in the file. However, it should not be forgotten that Elon Musk has guaranteed to find financing of 46.5 billion dollars.
Tesla and SpaceX CEO is the richest person in the world with a net worth of $255 billion according to the Bloomberg Billionaires Index. But most of this wealth is held as capital in his various corporate ventures. So Musk has relatively little cash for things like corporate acquisitions.
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