NEW YORK: Elon Musk has lined up $46.5 billion in financing for a possible hostile takeover of Twitter and is “exploring” a direct tender offer to shareholders, according to a securities filing released Thursday.
Musk’s filing pointed to a $13 billion debt facility from a financing consortium led by Morgan Stanley, a separate $12.5 billion margin loan from the same bank, as well as $21 billion from Musk’s personal fortune.
The Tesla chief, who has been rebuffed by the Twitter board, is “exploring whether to commence a tender offer… but has not determined whether to do so at this time,” the filing…
