Elon Musk Races to Secure Financing for Twitter Bid
NYT M&A
APRIL 19, 2022
The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.
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Elon Musk secures $46.5bn to fund possible hostile bid for Twitter
The Guardian M&A
APRIL 21, 2022
Morgan Stanley, the US investment bank, is leading a group of financial institutions providing $13bn in debt financing. On top of that equity, Musk is raising a further $12.5bn for the offer via a margin loan secured against his shares in Tesla, the electric carmaker that he runs as CEO. Continue reading.
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