SEC Filing: Musk Has Funding For Twitter Takeover

The Daily Beast reports:

Elon Musk has secured commitments totaling about $46.5 billion for a possible takeover of Twitter, according to a new filing with the Securities and Exchange Commission.

There is still no assurance the deal will go through, though the filing firms up Musk’s earlier $43 billion proposal and the possibility that he could pursue a hostile takeover of the company.

The billionaire has hinted in recent days that he may seek to buy large amounts of stock directly from other shareholders, in a move known as a tender offer. On Saturday he tweeted the song lyrics “love me tender,” sending the social platform, once again, into a frenzy.

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According to a new filing with the Securities and Exchange Commission, Elon Musk has secured $46.5 billion in commitments for a possible Twitter takeoverhttps://t.co/Ee2dBoKMfr

— The Daily Beast (@thedailybeast) April 21, 2022