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Musk Secures Funding for Twitter Buyout
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Musk Secures Funding for Twitter Buyout

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The News Memo
Apr 22, 2022
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Musk Secures Funding for Twitter Buyout
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April 18 - 22, 2022
 

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Elon Musk has lined up the $45B needed to fund his offer to buy Twitter. According to an SEC filing on Wednesday, Morgan Stanley and various other banks have committed more than $25B in loans to fund the acquisition. Musk would have to provide the rest in cash. Twitter’s board of directors issued a statement on Thursday that they’re reviewing the latest proposal. If the board rejects the offer, Musk is also exploring going to Twitter shareholders directly, which would involve making a tender offer to buy their shares. However, Twitter’s board has adopted a “poison pill,” which makes it more difficult for Musk to accumulate shares from other stockholders.

More: In his offer letter to Twitter, Musk wrote, “I invested in Twitter as I believe in its potential to be the platform fo…

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