Elon Musk wants to invest up to $15 billion to buy Twitter

Condotel Education

Elon Musk

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 people familiar with the situation.

According to the story, the billionaire, who owns 9.1 percent of Twitter, plans to launch a public offering in about 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 current property if necessary, which could raise several billion more dollars, according to the New York Post.

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

Last week, the social media business took a “poison pill” to ward off Musk’s $43 billion takeover offer.

More private equity firms have indicated interest in partnering on a deal for Twitter, according to people familiar with the matter, who declined to be identified.

Thoma Bravo, a technology-focused private equity group, contacted the social media 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 funding for any acquisition and is willing to collaborate with Musk or any other bidder.

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

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

Apart from this, if you are interested; You can also read articles related to entertainment, numerology, technology and health here: How to cancel YouTube TV, Churchill Car insurance, The Rookie Season 5, Downloadhub, Ssr Movies, 7starhd, Movieswood, How to Remove Bookmarks on Mac, Outer Banks Season 4, How to block a website in Chrome, How to watch NFL games for free, DesireMovies, How to watch NFL games without cable, How to unlock iPhone, How to cancel ESPN+, How to turn on Bluetooth in Windows 10, Outer Banks Season 3,

See also  Apple to Discontinue iPhone Mini After Three-Year Run

6streams, 4Anime, Moviesflix, 123MKV, MasterAnime, Buffstreams, GoMovies, VIPLeague, How to Play Music on Discord, Vampires Diaries Season 9, Homeland Season 9, Brent Rivera Net Worth, PDFDrive, SmallPDF, Squid Game Season 2, Knightfall Season 3, Crackstream, Kung Fu Panda 4, Angel Number 1616, Angel Number 333, Angel Number 666, Angel Number 777, Angel Number 444, Bruno Mars Net Worth, KissAnime, Jim Carrey Net Worth, Bollyshare, Afdah, name of Prabhas wife, Project Free TV, Kissasian, Mangago, Kickassanime, Moviezwap, Jio Rockers, Dramacool, M4uHD, Hip Dips, M4ufree, Fiverr English Test Answers, NBAstreamsXYZ, highest paid CEO, The 100 season 8 and F95Zone.

Thanks for your time. Keep reading!

Subscribe to our latest newsletter

To read our exclusive content, sign up now. $5/month, $50/year

Categories: Technology
Source: condotel.edu.vn

Leave a Comment