Elon Musk says he has funding to buy Twitter

1292

The leader of Tesla, Elon Musk, indicated today (21) that he secured close to 46,5 billion dollars to finance the purchase of the Twitter and trying to negotiate a deal for the acquisition.

In a document handed over to the US stock market regulator, Musk states that he has already reached a commitment with the JPMorgan bank to take out two loans, one for US$13 billion and the other for US$12,5 billion.

The multimillionaire also plans to channel 21 billion dollars of his personal fortune to the operation.

Twitter's Board of Directors opposed the acquisition, approving a clause to make it more difficult.

BUT: Elon Musk becomes Twitter's biggest shareholder

The leader of Tesla and SpaceX has not confirmed whether he uses a hostile takeover bid (OPA), but said that there is such a possibility.

Last week, Musk proposed acquiring Twitter for $54,20 a share, shortly after having entered the capital of the company with a stake of more than 9%, becoming one of the main shareholders of the social network.

Twitter made him a proposal to join the Board of Directors, but the multimillionaire refused.

Earlier in the Wall Street session, shares of Twitter were down slightly to $46,69.

LEAVE AN ANSWER

Please enter your comment!
Please enter your name here