Musk says he has secured $46.5 billion in funding for Twitter bid


FILE PHOTO: Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. REUTERS/Patrick T. Fallon/File Photo

(Reuters) -Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed.

Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans against some of his Tesla Inc shares to finance the transaction. He is chief executive officer of electric vehicle maker Tesla.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Australia steps up response to AI after OpenAI bot breaches health system database
Does good data protection for users really stifle tech innovation?
Anthropic’s AI is teaching itself biology. Now it’s made its first discovery
Honor launches X9e Pro from RM1,899 with 6.8in screen, 11,000mAh battery
Autonomous AI hacks raise thorny questions of legal accountability
Ads on ChatGPT: Scepticism of AI recommendations urged
Health wearables can help track trends, but doctors warn against relying on them alone
OpenAI’s AI tried breaching four other targets, without prompting
Berlin police start AI-powered street surveillance
Microsoft, Google confront rising data centre backlash

Others Also Read