Musk secures $46.5 billion investment for Twitter, explores comfortable be offering

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Tesla CEO Elon Musk appears to be like on as he visits the development website of Tesla’s gigafactory in Gruenheide, close to Berlin, Germany, Would possibly 17, 2021. REUTERS/Michele Tantussi/Document Photograph

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April 21 (Reuters) – Elon Musk has secured a investment dedication of $46.5 billion to shop for Twitter Inc and is making plans to begin a young be offering for its stocks, a submitting with U.S. regulators confirmed on Thursday.

Musk himself has dedicated to place up $33.5 billion, which can come with $21 billion of fairness and $12.5 billion of margin loans, to finance the transaction.

Banks, together with Morgan Stanley, have agreed to supply any other $13 billion in debt secured towards Twitter itself, in step with the submitting.

Musk. Twitter’s second-largest shareholder, has presented to shop for the corporate for $43 billion that has caused Twitter to undertake a “poison tablet” to restrict Musk’s skill to lift his stake within the social media platform.

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Reporting by means of Nivedita Balu in Bengaluru; Modifying by means of Anil D’Silva

Our Requirements: The Thomson Reuters Accept as true with Ideas.

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