The CEO of Tesla and SpaceX, Elon Musk, is willing to request financing to raise millions of dollars with the aim of totally taking over the social network Twitter, according to the New York Post.

In addition, the businessman and billionaire does not rule out investing between 10,000 and 15,000 million dollars in cash to buy the aforementioned social platform. The amount is well above the recent 9.1 % stake in the company he bought this month for about $3.4 billion.

Presumably, the tycoon will seek to formalize the offer in 10 days, that is, possibly before the end of next week.

Multinationals offer financing

The most important external financing would be through the multinational Morgan Stanley, to raise another 10,000 million dollars in debt against Twitter in the manner of a traditional leveraged buyout, the sources cited in this report assured.

However, the company’s board of directors applied the so-called “poison pill” to prevent the acquisition. Therefore, the businessman commented that he has other alternatives to carry out the operation.

The co-investors would collectively hold more capital than Musk, but he would be the largest individual holder.

Twitter baja en bolsa de Wall Street a pesar del interés de Elon Musk por comprarlohttps://t.co/fdZ9hJqiF2 pic.twitter.com/DXtL34KLV9

— SinEmbargo (@SinEmbargoMX) April 20, 2022

Source: doblellave.com

La entrada Elon Musk will seek funding to take over Twitter apareció primero en Bitfinance.