Elon Musk says he has lined up $US46.5 billion ($63.6 billion) in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. Key points: The money would come from Morgan Stanley and other banks $US12.5 billion would be loans secured by Mr Musk’s Tesla stock Twitter has enacted an anti-takeover measure known as a poison pill Last week, Mr Musk announced an offer to buy the social media platform for $US54.20 per share, or about $US43 billion. At the time, he did not say how he would finance the acquisition. Where is the money coming from? The Tesla CEO said on Thursday in documents filed with US securities regulators that the money would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker. Twitter has yet to formally respond to Mr Musk’s offer, but the company has enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. The company said in a statement on Thursday that it received Mr Musk’s updated proposal and “new information on potential financing” and said its board is “committed to conducting a careful, comprehensive and… Read full this story
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