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Musk unveils $63b in funding for Twitter bid

Faiz Siddiqui, Aaron Gregg and Douglas MacMillan

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San Francisco | Elon Musk says he has secured $US46.5 billion ($63 billion) in financing to buy Twitter, signalling the Tesla CEO is serious about his bid to acquire the social media firm – and intends to back it up with his personal fortune.

The offer, made public in a filing on Thursday (Friday AEST), draws on a combination of loans and equity financing, but questions remain about how Mr Musk will structure the deal and how Twitter’s board will respond.

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    Original URL: https://www.afr.com/markets/equity-markets/musk-unveils-us46-5b-in-funding-for-twitter-bid-20220422-p5afb3