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Musk secures $46.5 bln financing commitment for Twitter, explores tender offer

By Sunil Kumar
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Musk secures $46.5 bln financing commitment for Twitter, explores tender offer
Musk secures $46.5 bln financing commitment for Twitter, explores tender offer

Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed on Thursday.

Musk has offered to buy Twitter for $43 billion, which prompted Twitter to adopt a ‘poison pill’ to limit Elon Musk’s ability to raise his stake in the social media platform.

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Sunil Kumarhttps://us.informalnewz.com/
Sunil is a graduate and working with informalnewz since 2020. He likes to write finance, sports and entertainment news. Any concern regarding content, Please write @ sunil.izone@gmail.com.

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