LAST UPDATE: 21:23
Elon Musk is willing to invest between $ 10 billion and $ 15 billion in his own money to buy Twitter and bring it out of the stock market, according to a New York Post article cited by two sources familiar with the matter. .
The New York Post even reports that the billionaire CEO of Tesla, who is the second largest shareholder of Twitter with 9.1%, plans to make a public takeover bid in the next 10 days.
The report also reveals that Musk has lured Morgan Stanley to raise an additional $ 10 billion in loans.
The New York Post does not rule out the possibility that Musk, who is also the head of Tesla, will seek to borrow his existing percentage with a guarantee, a move through which he could raise several billion more.
Twitter declined to comment on the post, while Tesla, for its part, did not immediately respond to a Reuters request for a comment from Musk.
The social networking platform, in an effort to block Musk’s $ 43 billion takeover bid, decided last week to use the poison pill, a practice that aims to make the company less attractive to potential buyers, and thus preventing an aggressive takeover attempt.
In this context, Twitter decided that if an individual or group of individuals owns at least 15% of the common shares of Twitter without the approval of the board, the other shareholders will be able to buy additional shares at a discount, for a limited period of time. The project is scheduled to expire on April 14, 2023.
Source: Capital
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