Elon Musk says he has $46.5 billion in financing ready to buy Twitter

the stock market and even people who aren't even in the stock market have been captivated by the drama involving Elon musk And Twitter. Two weeks ago, he announced he had a 9% stake in the company this week, he announced he wants to buy the entire company. Twitter has enacted what is called a shareholder rights plan or a poison pill to either prevent him from taking over the company or the very least kind of slow him down. What this is designed to do is to stop a hostile takeover. So say Twitter rejects the existing bid from Musk for 54 20 a share Musk has the ability to just go to Twitter shareholders and say forget about the board. I'm offering you $54.20 a share. What do you say With the poison pill in place? Once he gets 15%, you know, once say a couple of year olds sell him 6% worth, which, which would bring him, that triggers this poison pill, which allows other shareholders to buy shares at a discount and you know, why wouldn't they buy shares cheaper than they are and then Ellen is going to pay them more money for those shares. So why wouldn't you do that and shareholders keep doing that, it just makes it a lot more expensive for him to purchase the company. That doesn't mean that the twitter won't eventually negotiate a deal with him. Um but they just gives them a little more sway and they can, you know, force him to increase his bid even though he has said 54 twenties his final offer, he's a person who's been known to change his mind so he could come in with a higher after.

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he's trying to negotiate an agreement with the company.Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance the acquisition.The Tesla CEO said Thursday in documents filed with U.S. securities regulators that he's exploring what's known as a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.But Musk hasn't decided yet whether to do that.The documents filed with the Securities and Exchange Commission say San Francisco-based Twitter Inc. has not responded to Musk's proposal.Last week Twitter's board adopted a "poison pill" defense that could make a takeover attempt prohibitively expensive.The filing states that "entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion."The financing would come from Morgan Stanley and other financial institutions. Some would be secured by stock that Musk owns in Tesla, the electric car and solar panel maker. Other banks involved include Barclays, Bank of America, Societie Generale, Mizuho Bank, BNP Paribas and MUFG.Shares of Twitter were down slightly to $46.69 in Thursday morning trading after the financing became public. The share price is $7.51 below Musk's offer.Musk "is seeking to negotiate a definitive agreement for the acquisition of Twitter ... and is prepared to begin such negotiations immediately," the documents say.With a tender offer, Musk would try to get other shareholders to pledge their stock to him at a certain price on a certain date. If enough shareholders agree, Musk could use that as leverage to get the board to drop the poison pill defense.Musk signaled the possibility of a tender offer several times this week in tweets using the word "tender."

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he's trying to negotiate an agreement with the company.

Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance the acquisition.

The Tesla CEO said Thursday in documents filed with U.S. securities regulators that he's exploring what's known as a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.

But Musk hasn't decided yet whether to do that.

The documents filed with the Securities and Exchange Commission say San Francisco-based Twitter Inc. has not responded to Musk's proposal.

Last week Twitter's board adopted a "poison pill" defense that could make a takeover attempt prohibitively expensive.

The filing states that "entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion."

The financing would come from Morgan Stanley and other financial institutions. Some would be secured by stock that Musk owns in Tesla, the electric car and solar panel maker. Other banks involved include Barclays, Bank of America, Societie Generale, Mizuho Bank, BNP Paribas and MUFG.

Shares of Twitter were down slightly to $46.69 in Thursday morning trading after the financing became public. The share price is $7.51 below Musk's offer.

Musk "is seeking to negotiate a definitive agreement for the acquisition of Twitter ... and is prepared to begin such negotiations immediately," the documents say.

With a tender offer, Musk would try to get other shareholders to pledge their stock to him at a certain price on a certain date. If enough shareholders agree, Musk could use that as leverage to get the board to drop the poison pill defense.

Musk signaled the possibility of a tender offer several times this week in tweets using the word "tender."

��vlog