Morgan Stanley Senior Funding and numerous other financial institutions have agreed to lend Musk a total of $25.5 billion (with $12.5 billion secured against Tesla equity). Musk is willing to lend another $21 billion on his own.
The document states that “the reporting company seeks to enter into a definitive agreement to purchase Twitter… and indicates its willingness to commence negotiations immediately.”
Musk is also considering making a tender offer to buy all of the remaining shares, but hasn’t made up his mind yet.
Musk announced on April 4 that he owned 9.2 percent of Twitter and on April 14 that he was willing to acquire the entire company for $54.2 per share. Musk’s offer would be considered the next day, according to Twitter. A few hours later, Saudi Prince Alwaleed bin Talal, who owns shares in the company, rejected Musk’s offer, saying it was out of line with the company’s true value.
source: cnbc.com
