Elon Musk still wants Twitter—and he now has $46.5 billion in financing

Elon Musk still wants Twitter—and he now has $46.5 billion in financing

2 years ago
Anonymous $xqL1ZTchGQ

https://arstechnica.com/tech-policy/2022/04/elon-musk-still-wants-twitter-and-he-now-has-46-5-billion-in-financing/

Elon Musk is continuing his pursuit of Twitter. In an SEC filing [PDF] Thursday, Musk revealed that he has $46.5 billion in financing lined up to close the deal. The Tesla and SpaceX founder would cover $21 billion of the purchase price himself. A consortium of banks will loan him $12.5 billion against his shares of Tesla along with an additional $13 billion in financing.

Musk surprised just about everyone last week with an unsolicited offer of $43 billion for Twitter. The move came after he quietly purchased 9.2 percent of outstanding Twitter shares. He then rejected an offer to sit on the company's board in order to be able to buy even more shares.

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