Elon Musk Now Ready With $46.5 Billion All Cash to Take Over Twitter

Elon Musk has managed to secure $46.5 billion in funding to finance the Twitter takeover bid.

He hasn't made a formal tender offer for Twitter yet but is considering doing it soon.

The Tesla CEO is planning to spend $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans.

Morgan Stanley alone has agreed to provide another $13 billion in debt secured against Twitter itself.

Days after acquiring a 9.2% stake in Twitter, Musk launched his takeover plan for Twitter.

Musk is an active user of Twitter with over 80 million followers on the platform, and he describes himself as a "free speech absolutist."

Source: IndiaToday