Elon Musk plots $46.5bn hostile takeover of Twitter

Elon Musk plots $46.5bn hostile takeover of Twitter

Tesla CEO Elon Musk has obtained $46.5 billion in funding for the purchase of Twitter Inc. and is exploring a tender offer for its shares.


Musk has pledged to invest $33.5 billion in the transaction; with $21 billion in cash and $12.5 billion in margin loans.


The deal’s structure was revealed today in documents filed with the Securities and Exchange Commission.


According to the statement, Musk was “exploring whether to start a tender offer… but has not determined whether to do so at this time.”


ALSO READ: Elon Musk has means to thwart Twitter’s ‘poison pill’


According to the petition, banks such as Morgan Stanley have agreed to contribute an additional $13 billion; in debt secured against Twitter.


The fresh filings come a week after Elon Musk, the Tesla CEO; launched a $43 billion bid for Twitter after declining a seat on its board.


A representative from Twitter could not be reached for comment right away.



Meanwhile, Serena Williams and Lewis Hamilton have reportedly teamed up with Sir Martin Broughton’s bid to buy Chelsea; with the stars prepared to invest in buying the Stamford Bridge club.

According to Sky News, the seven-time Formula One champion; as well as the 23-time Grand Slam winner are prepared to pledge £10million each to the deal. Chelsea is expected to be sold for around £2.5bn.

Broughton, the former chairman of British Airways and Liverpool FC, has apparently been in talks with the duo for weeks.

Despite the fact that Hamilton supports Chelsea’s London rivals Arsenal; Sky News said the formula 1 driver would ‘play a formal role in Chelsea’s future efforts to promote diversity; equity as well as inclusion’ if Broughton’s bid ends up being successful.

About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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