Elon Musk said he has lined up commitments worth $46.5 billion to finance a Twitter takeover deal, one week after he first made a public offer to buy the social media company.
Musk said he has commitment letters to finance the deal, including two debt commitment letters from Morgan Stanley and other unnamed financial institutions and one equity commitment letter from himself, according to a filing with the Securities and Exchange Commission on Thursday.Twitter's board put up a defense mechanism against Elon Musk.
" Musk has previously alluded to the possibility of a tender offer in several recent tongue-in-cheek tweets, including one with a fill-in-the-blank word followed by"is the night."Morgan Stanley did not immediately respond to requests for comment. In a statement, Brenden Lee, a spokesperson for Twitter, said the company had received the"updated, non-binding proposal" from Musk and the"new information on potential financing.
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