Billionaire Elon Musk has been gripped in a battle to take over Twitter, and now he has revealed how he would pay for the purchase.
CHECK OUT TRISH REGAN’S PODCAST HERE.
Musk unveiled the plan which reportedly includes $13 billion from Morgan Stanley via debt facilities, $21 billion in equity, as well as $12.5 billion in margin loans.
BREAKING: Elon Musk has
1. $25.5B in financing for Twitter from a group of banks led by Morgan Stanley—includes $12.5B in margin loan against his Tesla shares.
2. The rest of the money ($21 B) is coming out of his own pocket. (SEC filing)
Translation: THIS GUY IS SERIOUS.
— Trish Regan (@trish_regan) April 21, 2022
BREAKING: @ElonMusk ups the stakes — says he has commitment letters and funding lined up to now purchase Twitter for **$46.5** Billion ($3.5 billion more than the original $43B offer) according to @wsj …
This is increasingly going to be hard for board to turn down.
— Trish Regan (@trish_regan) April 21, 2022
Notably, Tesla’s revenue increased 81 percent year-over-year with more than $3 billion in profits just in the first quarter.
Trish Regan has been covering Elon Musk on her podcast…check it out below!
