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Elon Musk secures $46.5 billion in funding for Twitter bid

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.

April 21, 2022 / 08:05 PM IST
Elon Musk

Elon Musk

Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with U.S. 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.

ALSO READ: Elon Musk’s Twitter play: What’s at stake for the company, its India operations