Musk unveils $46.5 billion package to fund Twitter bid

clock • 3 min read
Musk will receive funding from bank loans, loans against Tesla's value and his own personal fortune
Image:

Musk will receive funding from bank loans, loans against Tesla's value and his own personal fortune

Elon Musk has secured commitments for $46.5 billion (£35.5 billion) in funding to purchase Twitter.

In documents filed with the US Securities and Exchange Commission (SEC) on Thursday, Musk said he was also considering a tender offer to purchase all of Twitter's common stock for $54.20 per share ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
IT Essentials: Time to take the deepfake fight to Big Tech

Government

Speak softly and carry a big stick

clock 04 March 2024 • 3 min read
Musk says Neuralink has performed first human brain implant

Chips and Components

And the person is 'recovering well'

clock 31 January 2024 • 3 min read
SEC's X account hacked in embarrassing security lapse

Hacking

Propagated fake news about bitcoin

clock 10 January 2024 • 2 min read

More on Mergers and Acquisitions

Government approves takeover of Newport Wafer Fab

Government approves takeover of Newport Wafer Fab

Previous owner forced to sell stake over links to China

clock 04 March 2024 • 2 min read
Cisco-Splunk deal: Europe sets March deadline for antitrust decision

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

The regulator is currently scrutinising whether the acquisition might negatively impact competition

clock 12 February 2024 • 3 min read
HPE to buy Juniper Networks for $14bn

HPE to buy Juniper Networks for $14bn

Juniper's stock jumped 22% on the news

Gina Narcisi
clock 09 January 2024 • 2 min read