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

04/21/2022

Less than a minute

2022.04.21 16:51

Musk secures $46.5 billion financing commitment for Twitter, explores tender offer
FILE PHOTO: Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. REUTERS/Patrick T. Fallon/File Photo

(Reuters) -Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc (NYSE:TWTR) 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.

04/21/2022

Less than a minute

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