Musk secures $46.5 billion in funding for Twitter bid

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:Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with U.S. regulators showed on Thursday.Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the t

:Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with U.S. regulators showed on Thursday.

Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing.Musk's latest move comes after Twitter failed to respond to his offer and adopted of a"poison pill" to thwart the billionaire's effort to buy the social media platform for $43 billion.

The offer from Musk, who is the second-largest shareholder of Twitter, has drawn private equity interest in participating in a deal for Twitter, Reuters reported, citing people familiar with the matter.

 

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