The businessman, who owns 9.2% of Twitter shares, launched a $43 billion takeover offer on April 14, unlike the current one.
American businessman Elon Musk said on Thursday that he is looking for… “negotiate a deal” to buy the social network Twitter, and has revealed that it $46.5 billion in funding with the support of various financial entities.
In a document delivered to the U.S. Securities Market Commission (SEC), Tesla’s founder said he wanted to negotiate “immediately,” as opposed to the “last” offer he put on the table a few days ago
Musk launched an offer of . on April 14 $43 billion by the company at $54.20 a share, prompting the company to take an internal measure known as a “poison pill” to buy time while it evaluated the proposal.
Now, Tesla’s CEO has provided information on how he would fund that operation, revealing that: Morgan Stanley and “Other Financial Institutions” they have promised to give him loans worth about $25.5 billion.
He also gives a personal “letter of commitment” stating that he has an additional $21 billion in equity, which would come from his stock in the luxury electric vehicle company he founded and operates.
Musk’s openness to act “immediately” contrasts with initial terms in which he made his offer on Twitter, calling it “the last and best” and threatening to sell all of his shares if the board of directors rejected it.
The richest man in the world who has more than 9% shareholding of Twitterhas clarified that due to the “failure to respond”, it is also considering making a “takeover offer” to its shareholders to take over the remaining titles.
However, Musk has said in the document that he “has not yet decided whether he will do it”.
It also warned the U.S. regulator that it might “from time to time” on social networks “talk” or “express its opinion” with Twitter’s board of directors or its members about the possible operation or other matters of the operation of Twitter. Twitter. the platform.
The employer has legal issues with the SEC for the statements he has made to his followers about his car company in recent years and that could affect his price.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
