Elon Musk Wants to Invest up to $15 Billion to Buy Twitter

Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, according to the New York Post, citing two persons familiar with the situation.

According to the story, the billionaire, who owns 9.1 percent of Twitter, plans to launch a tender offer in approximately 10 days and has hired Morgan Stanley to raise another $10 billion in debt.

Musk, who is also the CEO of Tesla Inc, may be willing to borrow against his present ownership if necessary, which might raise several billion dollars more, according to the New York Post.

Twitter did not respond. Musk did not immediately respond to a request for comment from Reuters.

Last week, the social networking business took a “poison pill” to safeguard itself from Musk’s $43 billion acquisition offer.

More private-equity companies have indicated an interest in partnering in a deal for Twitter, according to people familiar with the subject, who declined to be identified.

Thoma Bravo, a technology-focused private equity group, contacted the social networking platform last week to discuss a purchase that would compete with Musk’s offer.

According to Reuters, Apollo Global Management Inc is examining ways to offer funds for any acquisition and is willing to collaborate with Musk or any other bidder.

Many investors, analysts, and investment bankers believe Twitter’s board of directors will reject Musk’s offer in the coming days, calling it insufficient.

In afternoon trade, Twitter shares were down 1.6 percent at $47.69, significantly below Musk’s offer of $54.20.

Apart from this, if you are interested; you can also read EntertainmentNumerologyTech, and Health-related articles here: How to cancel YouTube TVChurchill Car insuranceThe Rookie Season 5DownloadhubSsr Movies7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 3

6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!

 

RECENT POSTS

Personal Hygiene Tips at School for Children

Practicing good personal hygiene is important for children, especially...

How to Permanently Delete Photos from iPhone [Tutorial]

We know that photos hold special memories, but sometimes...

Unlocking the Power of the Heart Chakra: Love, Compassion, and Healing

The Heart Chakra, a central energy hub, holds immense...

Johnny Depp Net Worth: How Much Is Depp Earning?

When it comes to the dazzling world of Hollywood...

December 7 Zodiac: Sign, Meaning and Characteristics

Are you born on December 7 and curious to...

ASTROLOGY

LIFESTYLE

BUSINESS

TECHNOLOGY

HEALTH

FEATURED STORIES