: Musk has .5 billion in financing ready to buy Twitter #FinanceIndia #StockMarketNEWS #Business Press Trust of India Washington Elon Musk says he has lined up .5 billion in financing to

@StockMarketNEWS Mon 25 Apr, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Musk has .5 billion in financing ready to buy Twitter #FinanceIndia #StockMarketNEWS #Business
Press Trust of India

Washington

Elon Musk says he has lined up .5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company.

Last week, Musk announced an offer to buy the social media company for .20 per share, or about billion. At the time, he did say how he would finance the acquisition.

The Tesla CEO says Thursday in documents filed with United States securities regulators that he’s exploring what’s known as a tender offer to buy all of the social media platform’s common stock for .20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.

But Musk hasn’t decided yet whether to do that.

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