Elon Musk Says He Has the Dough to Back Twitter Acquisition

Dan Primack, reporting for Axios:

Elon Musk on Thursday disclosed in a federal securities filing that he doesn’t yet have any equity partners on his takeover bid for Twitter, but said that he has secured billions of dollars worth of loan commitments from Morgan Stanley. [...]

Musk committed to invest up to $21 billion of his own money, although this wouldn’t preclude him from cutting back on that amount by bringing on equity partners at a later date. He also said he has $13 billion in committed debt financing from Morgan Stanley and $12.5 billion of margin loan commitments from Morgan Stanley.

★ Thursday, 21 April 2022