Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc.

BREAKING: Elon Musk has

1. $25.5B in financing for Twitter from a group of banks led by Morgan Stanley—includes $12.5B in margin loan against his Tesla shares.

2. The rest of the money ($21 B) is coming out of his own pocket. (SEC filing)

Translation: THIS GUY IS SERIOUS.

— Trish Regan (@trish_regan) April 21, 2022

JUST IN: Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed.

— Shaun Kraisman (@ShaunKraisman) April 21, 2022

.@elonmusk has secured a $46.5 billion financing commitment to acquire Twitter and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed on Thursday. https://t.co/1lBTCSjiof pic.twitter.com/eWlJOtxgTM

— Newsmax (@newsmax) April 22, 2022

Theo Wayt and Josh Kosman from the New York Post reported:

Elon Musk has secured $46.5 billion in financing to fund his Twitter takeover bid, according to a Thursday regulatory filing.

The Tesla tycoon is also considering mounting a tender offer — which would involve trying to buy up stock from existing shareholders at $54.20 per share — in order to grow his stake in Twitter, the filing shows.

Twitter rose 0.6% on the news to $46.98 but remain well below Musk’s proposed takeover price of $54.20, indicating that investors are still skeptical that the deal will go through.

“He’s making the offer and it’s not conditioned on financing or business due diligence,” a hedge fund manager reviewing the situation told The Post, adding that he was surprised at the speed Musk’s dealmaking team is moving.

Read more.

©Dr. Rich Swier. All rights reserved.

RELATED TWEETS:

And authenticate all real humans

— Elon Musk (@elonmusk) April 21, 2022

#BREAKING: Judiciary Republicans send preservation notices to Twitter’s board members formally requesting that they preserve all records and materials relating to @elonmusk’s offer to purchase Twitter. pic.twitter.com/EqhOUpRdwP

— House Judiciary GOP (@JudiciaryGOP) April 22, 2022

---