Elon Musk’s presentation says he has the funds to take Twitter’s buy-in offer to investors

Elon Musk’s presentation says he has the funds to take Twitter’s buy-in offer to investors

Elon Musk has funded a potential $46.5 billion acquisition of Twitter and is “considering” a direct tender offer to shareholders, according to a securities filing released Thursday.

Musk’s filing shows a $13 billion debt facility from a financial consortium led by Morgan Stanley, a separate $12.5 billion margin loan from the same bank, and a $21 billion equity commitment from Musk himself increasing.

Tesla leaders are “considering whether to initiate a tender offer … but it has not yet been decided whether that will happen,” the filing said.

On April 14, the world’s richest man said there were no requirements for free speech on the influential microblogging platform and offered a unilateral proposal to buy Twitter for $54.20 per share.

The next day, Twitter announced a “poison pill” plan that would make it harder for millionaires to control social media companies, moving to protect themselves from a $43 billion acquisition effort.

Musk’s efforts are raising hopes for the commercial potential of Twitter, which is struggling to achieve profitable growth despite its cultural and political implications.

But Tesla’s polarized CEO campaign has raised concerns among engineers and free speech, citing Musk’s unpredictable remarks and a history of bullying critics denying his intentions. …

Twitter’s share price was down 0.2% in morning trade to $46.63.