Money - International
Musk secures US$46.5b financing commitment for Twitter, explores tender offer
Thursday, 21 Apr 2022 9:52 PM MYT
NEW YORK, April 21 — Elon Musk has secured a US$46.5 billion financing commitment to acquire Twitter Inc and is considering starting a tender offer for its outstanding shares, a filing with US regulators showed today.
Musk has offered to buy Twitter for US$43 billion, which prompted Twitter to adopt a ‘poison pill’ to limit Elon Musk’s ability to raise his stake in the social media platform. — Reuters
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