Home News Elon Musk is considering whether to launch a public offering for Twitter....

Elon Musk is considering whether to launch a public offering for Twitter. The billionaire has secured $ 46.5 billion in funding commitments


According to the document, Musk said that, given the lack of response from Twitter’s board of directors, he is now considering a takeover bid to buy some or all of the company’s shares directly from its shareholders.

Out of a total of $ 46.5 billion, Musk secured about $ 25.5 billion in debt financing through Morgan Stanley Senior Funding and other firms and said it had committed about $ 21 billion. in equity financing.

The other participating companies are Bank of America, Barclays, MUFG, Societe Generale, Mizuho Bank and BNP Paribas.

Musk has not yet determined whether he will make a public offer for Twitter or take further steps to promote the proposal, the document said.

A Twitter spokesman confirmed that she had received Musk’s proposal.

Read:   Gazprom cuts gas supplies to Germany after Shell refused to pay in rubles

“As previously announced and communicated directly to Mr Musk, the board is committed to conducting a careful, comprehensive and deliberate assessment to determine the course of action it considers to be in the interest of the company and all Twitter shareholders,” the spokesman said. word in a statement.

Last week, Musk offered to buy Twitter for $ 54.20 a share, or about $ 43 billion.

On Friday, Twitter adopted a plan for shareholder rights for a limited time, often referred to as a “poison pill”, in an effort to avoid a potentially hostile takeover.

Musk, who is CEO of Tesla and SpaceX, has amassed a 9% stake in the company in recent weeks.

Twitter then made an offer to Musk to join the board, but on the condition that he could not buy more than 14.9% of the company.

Read:   Uber has been granted a 30-month license to continue operations in London

Musk reversed course and made an offer to buy Twitter and withdraw it from the stock exchange.

CNBC’s David Faber explained on Thursday on Squawk on the Street that Musk will not be able to complete a public offering for Twitter as long as the “poison pill” is in effect.

“You have to negotiate with the board. That’s not happening yet, “said Faber.

Musk first submitted a bid on Monday when he posted a cryptic tweet saying “Love Me Tender.”

We also recommend:

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Previous articleCitroen launches C4 Grand SpaceTourer, giving up minivans after 30 years
Next articleRussia plans to have a “digital” ruble capable of making international payments by next year