Elon Musk finances Twitter’s bid

Elon Musk secures his 46.5 billion. He has committed to put $ 21 billion in equity into $ 12.5 billion in margin loans to fund the transaction. Banks, including Morgan Stanley, have agreed to provide $ 13 billion in debt secured against Twitter, according to the fill-in.

Elon Musk is an active user of Twitter with 80 million followers. He had made many announcements on Twitter, and some of his announcements have brought him into the hot water of U.S. regulators.

Elon says Twitter rejected his offer and has adopted the ‘poison pill’ to counter the billionaires. He offered Twitter $ 43 billion to buy their social media platform. He also says, “freedom of speech absolutist”, the social media company Twitter needs to be privatized to grow to great heights and it should become the platform for freedom of speech.

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