Musk claims he has $ 46.5 billion to buy Twitter, but notes that the board has not yet responded to his unsolicited request to take up private space.
Twitter (TWTR) - Share shares rise sharply on Thursday after billionaire Tesla (TSLA) - Manager Elon Musk said he was still interested in negotiating the acquisition of the social media platform but was not sure if he would take his current $ 46.5 billion offer to shareholders.
In a file on the Securities and Exchange Commission published Thursday, Musk said he had secured a loan for loans from Morgan Stanley MS, and other institutions, with an estimated $ 13 billion. Musk's catch on Twitter remains at 9.1%, with the show showing.
Funding is tied to conditions linked to Tesla 'non-Musk' shares, noted. Musk owns approximately 173 million Tesla shares, of which about 88 million has been used to secure various loans.
On Tuesday that Musk was willing to put between $ 10 billion and $ 15 billion of his estimated $ 300 billion to buy Twitter, which he said cost $ 54.20 per share, but faces difficulties in convincing other partners to invest. . his discovery.
Earlier media reports suggested that Apollo Global Management had expressed its willingness to use its credit platform to support any move to purchase a smaller blogging website, including Musk's proposal to take unsolicited privacy.
Musk added that he had not yet decided whether to grant his request, which cost Twitter $ 46.5 billion, to shareholders, noting that he was ready to negotiate with the company and its board of directors. Twitter, however, has not yet responded to his proposal, Musk objected.
Twitter adopted the so-called 'toxic pill' last week which allows existing shareholders to buy more Twitter stock at a discount if anyone, or a group, investors get 15% control of the company without board approval.
Twitter shares traded 0.4% higher earlier on Thursday in trading to change hands at $ 46.86 each, a move that puts the stock up about 20% just before Musk released its 9.1% stake in the group earlier this month, with the market. a total of $ 36 billion.
