According to the latest securities filings, Elon Musk is seeking whether to officially start aTWTR-US) to make a takeover offer.
The U.S. Securities and Exchange Commission (SEC) released an update on Thursday (21st) stating that Musk has received $46.5 billion in commitments to fund potential future deals. That includes regarding $25.50 in debt financing through Morgan Stanley Senior and others, and Musk himself has said he has committed regarding $21 billion in equity financing. Other participating companies include Bank of America, Barclays, MUFG, Societe Generale, Mizuho and BNP Paribas.
Musk has not yet determined whether he will make a takeover offer for Twitter, or if he will take other steps to advance the proposal, the filing noted.
Musk last week offered to buy Twitter for $54.20 per share, or regarding $43 billion. Twitter on Friday adopted a limited-term shareholder rights plan, commonly known as a “poison pill,” to ward off a potential hostile takeover.
Musk is Tesla (TSLA-US) and the CEO of SpaceX, who have increased their stake in Twitter by more than 9% in recent weeks. Twitter then offered Musk to join the board, on the condition that Musk not buy more than 14.9% of the company. Musk changed his mind and made a bid to take Twitter private.
(to be updated later)
