In the latest SEC filing, Musk confirms that he has secured $46.5 billion in funding for his Twitter takeover bid. We look at where the funding will come from.
On Thursday, Elon Musk confirmed in a new filing that he has secured funding for his bid to buy Twitter and take it private. The filing states that Musk has secured a total of $46.5 billion in funding.
This latest filing also confirms that Musk’s stake in the company remains at 9.1%. The filing also acknowledges Twitter’s “poison pill” strategy, and maintains that Twitter hasn’t responded to Musk initial proposal. Because of the latter, Musk’s filing says that he is now “exploring whether to commence a tender offer to acquire all of the outstanding shares of common stock” in Twitter.
But just because Musk has secured funding and says that he is considering a tender offer, that doesn’t mean a takeover is sure to happen. The filing also includes the following sections, which seem to indicate that the bid is also just as likely to not happen:
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