The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Tesla’s Elon Musk secures US$46.5 billion in financing commitment to acquire Twitter, explores tender offer

April 22, 2022
Source: scmp.com scmp.com
News Snapshot:
Elon Musk has secured US$46.5 billion in funding to buy Twitter Inc. and is considering a tender offer for its shares, a filing with US regulators showed on Thursday. Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction. Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing. Twitter was not immediately available for comment. Musk’s latest move comes after Twitter failed to respond to his offer and adopted of a “poison...
Go To Original Source →
Tags: Apollo | bank | bid | car | chairman | China | electric car | electric vehicle | Elon Musk | finance | financing | Free Speech | IT | LED | loans | management | media | Morgan Stanley | platform | private equity | Reuters | share | social media | Tesla | Twitter

Other Related News:

Dow Jones Futures Loom: Debt-Ceiling Deal In Focus For AI-Led Market Rally

May 29, 2023

HEADLINES: 'Betty' weakens as it nears NLuzon May 29, 2023

May 29, 2023

China unlikely to impose lockdown despite Covid-19 surge

May 28, 2023

China's first domestically built passenger plane successfully makes its maiden commercial flight

May 28, 2023

US ‘ready to fight in space if we have to’, says military official

May 28, 2023

‘I apologize for the confusion earlier’: Here’s what happens when your lawyer uses ChatGPT

May 28, 2023

A classic interview with the 'Queen of Rock 'n' Roll' Tina Turner

May 28, 2023

Deputy USTR on U.S.-China trade, China tariffs

May 28, 2023

Pakistan poses threat to Norway: Report

May 28, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter