Can Elon Musk buy Twitter? In any case, Tesla’s boss will now have the necessary funding to make an offer. According to CNBC, in a new filing with the US regulator, Musk says he has secured $46.5 billion in commitments to fund a potential network acquisition. social. Of that $45.6 billion, $25.5 billion would have been raised through debt and $21 billion through equity financing. Participating companies include Morgan Stanley, Bank of America, Barclays, MUFG, Societe Generale, Mizugo Bank and BNP Paribas.
Elon Musk: funding found!
At present, according to CNBC, Musk has yet to decide if he wants to make a public offer or if he will take further steps to push the offer forward. From son side, Twitter has already responded. “As previously announced and communicated directly to Mr. Musk, the Board of Directors is committed to conducting a thorough, comprehensive and deliberate review to determine a course of action that it believes is in the best interests of the Company and all shareholders. Twitter, ”said a company representative, whose words are quoted by the American media. Recall that after buying more than 9% of Twitter shares, Elon Musk became its main shareholder. Subsequently, the company invited him to join the board of directors. An offer that Musk initially accepted before he changed his mind. After all, if he entered this board of directors, he would undertake not to own more than 14.9% of the company’s shares. Instead of joining that board of directors, the Tesla boss now wants to buy 100% of Twitter and leave the network. social Wall Street.
Will Elon Musk achieve son goal ?
For now, it’s pretty difficult. Indeed, the board of directors is resisting. After all, a few days ago, this council unanimously passed a measure that will not alleviate the situation of the Tesla boss. called ” poison pill”, this measure is aimed at protecting the company from hostile takeovers. As explained in a Twitter statement, this plan is active if an organization acquires more than 15% or more of the shares. This will allow other shareholders to buy shares at a reduced price. “The rights plan is designed to allow all shareholders to fully realize their investment in Twitter. The rights protection plan will reduce the likelihood that any entity, person or group will gain control of Twitter through accumulation on the open market without paying all shareholders prime oversight or without giving the board sufficient time to make informed judgments and take action in the best interests of shareholders,” the statement said.
