May 17, 2022

Dubai Week

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Elon Musk has raised $ 46.5 billion to buy Twitter

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Elon Musk, the billionaire founder of American electric car company Tesla, has announced on Twitter that he has raised $ 46.5 billion as part of his efforts to buy a controlling stake..

Musk plans to offer a formal offer to the current Twitter contributors of this cash, which includes more than $ 21 billion in debt and more than $ 21 billion raised from other sources..

Musk, a top Twitter user whose tweets had previously caused problems with financial authorities, announced last week the opportunity to buy the social media site to turn it into a private company.

He proposed a purchase price of $ 54.20 per share, which would bring the company’s value to $ 43 billion, if proposed..

Musk recently revealed that he has already acquired a 9% stake in the company, which has already made him the largest single shareholder on Twitter..

Twitter’s management is reading a so-called “poison pill” security policy that allows one of the other investors in the company to buy cheaper shares, devaluing all other stocks if they hold more than 15% of the stock. May be open to the offer of affordable mask.


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