Elon Musk To Invest $15 Billion Of His Own Money To Buy Twitter: Report
Elon Musk is willing to invest between $ 10 billion and $ 15 billion from his own money to take Twitter Inc. Private, New York Post reports on Tuesday, quoting two sources familiar with this problem.Billionaire, who is the second largest shareholder of Twitter with 9.1% of the shares, plans to launch the offer tender in about 10 days and has knocked Morgan Stanley to raise $ 10 billion, according to the report.
Musk, who is also the Chief Executive Tesla Inc., may also be willing to borrow the current shares if necessary, a step that might be able to raise several additional dollars, the New York Post reported.Twitter refused to comment. Tesla did not immediately respond to Reuters requests for comments from Musk.
The social media company adopted a “poison pill” last week to protect itself from the purchase offer of $ 43 billion from Musk.More private equity companies have expressed interest in participating in agreements for Twitter, people who are familiar with the issue to Reuters on Monday without giving a company name.
Flowers appeared after Thoma Bravo, a PE company focused on technology, contacted the social media platform last week to explore purchases that would challenge the offer of the Musk.Apollo Global Management Inc. is considering ways to provide financing for any agreement and open to work with musk or other bidders, Sumber said to Reuters.Many investors, analysts and investment bankers expect the Twitter Board to refuse the offer of the Musk in the coming days, saying it was inadequate.
Twitter shares fell 1.6% at $ 47.69 in afternoon trade, far below the bid of the musk of $ 54.20.
