The businessman, who has 9.2% of Twitter’s shareholding, launched a $43 billion takeover bid on April 14, as opposed to the current one.
The American businessman Elon Musk said this Thursday that he is looking for “negotiate a deal” to buy the social network Twitter, and has revealed that it has $46.5 billion in funding with the support of several financial entities.
In a document delivered to the US Securities Market Commission (SEC), the founder of Tesla has shown himself ready to negotiate “immediately”, as opposed to the “final” offer that he put on the table a few days ago.
Musk launched on April 14 an offer of $43 billion by the company at $54.20 per share, prompting the company to take an internal measure known as a “poison pill” to buy time while it evaluated the proposal.
Now, the Tesla executive has offered information on how he would finance that operation, revealing that Morgan Stanley and “other financial institutions” they have promised to give him loans worth about 25.5 billion dollars.
He also provides a personal “commitment letter” saying he has an additional $21 billion in equity, which would come from his shares in the luxury electric vehicle company he founded and runs.
Musk’s openness to deal “immediately” contrasts with the initial terms in which he made his offer on Twitter, calling it “the last and best” and threatening to sell all his shares if the board of directors rejected it.
The richest man in the world, who has more than 9% shareholding of Twitterhas clarified that, due to the “lack of response”, it is also considering making a “takeover bid” to its shareholders to take over the remaining titles.
However, Musk has said in the document that he “has not decided if he is going to do it” yet.
It has also warned the US regulator that, “from time to time”, it could “discuss” or “express its opinions” on social networks to the board of directors of Twitter or its members about the potential operation or other matters of the operation of Twitter. the platform.
The employer has had legal problems with the SEC in recent years for the statements he made to his followers about his car company and that could affect his price.
Source: Eitb
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