Deals
Musk Dispels Weeks of Doubt by Lining Up Money to Buy Twitter
- Billionaire says he will provide almost half of funds himself
- Musk is also considering making a tender offer for Twitter
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After weeks of questions over whether Elon Musk is truly serious about acquiring Twitter Inc., his takeover bid got a lot more real on Thursday.
The Tesla Inc. mogul lined up about $25.5 billion in debt financing from Morgan Stanley and other financial institutions, according to a regulatory filing, as well as pledging to contribute an additional $21 billion of his own money through equity financing.