Musk may spend $15 billion of his own money on Twitter

The world’s richest man wants to take the microblogging platform private Elon Musk is reportedly willing to spend between $10-15 billion of his own money to take Twitter private, and is planning to launch a tender offer, according to two sources familiar with the matter as quoted by the New York Post. The bid will be made in about 10 days, the daily reported on Tuesday, adding that the billionaire has tapped Morgan Stanley to raise another $10 billion. Musk, who had previously purchased 9.1% of Twitter’s shares, may also be willing to borrow against his current stake if necessary, a move that could possibly raise

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Last updated : 20 April 2022 clock 01:21 PM

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