ADVERTISEMENT
ADVERTISEMENT

Elon Musk is having a second crack at buying Twitter, says he has $46.5 billion in funding

by | Apr 22, 2022 - 9:33AM | Tech

Elon Musk has secured $46.5 billion funding to use in his bid to take over Twitter.

The richest person in the world will use $21 billion of his own money towards the deal, according to a new filing on Thursday.

Luckily, Musk is worth about $274 billion at the moment so he can afford it.

The remaining $25.5 billion needed for the Twitter deal would come from banks, including Morgan Stanley and Bank of America.

Twitter’s board is yet to come to a decision on Musk’s buy proposal, which would equal $54.20 a share.

Musk said he wanted to buy the social media company as a way to uphold free speech and would do so by making Twitter the platform he thinks it should be.

The reason this funding has been so difficult to muster is that despite being worth a boatload, Musk has most of his fortune tied up in Tesla stock.

He is, however, able to borrow against that equity to raise this money for Twitter.

But he can only take so much.

Now that the confirmed funding is in the public domain, will Twitter decide to make the deal?

WATCH:

FOLLOW US ON
FOLLOW US ON GOOGLE NEWS

Check this out

Inside Justin and Hailey Bieber’s insane Rolls-Royce concept

Inside Justin and Hailey Bieber’s insane Rolls-Royce concept

Justin and Hailey Bieber's combined net worth is more than $300 million and that means they can afford just about anything they want. And you can't certainly call their taste 'boring'. This, for example, is an insane Rolls-Royce concept that West Coast Customs made...

Inside Rihanna’s crazy watch collection

Inside Rihanna’s crazy watch collection

The halftime show at the Super Bowl is a big deal and everyone wants to be a part of it - from major global brands to big-name music artists. Robyn Rihanna Fenty, aka Rihanna, has confirmed she will headline the halftime show at the upcoming Super Bowl LVII after a...

Sneak peek at the highly-anticipated world-first Apple car

Sneak peek at the highly-anticipated world-first Apple car

The highly-anticipated Apple car is set to be revealed in 2025, and Apple is keeping very tight-lipped about it.  Known internally as Project Titan, the car still doesn’t have an official name or look.  But with the help of technology, Supercar Blondie is...

ADVERTISEMENT

Most Popular This Week

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!