Investing
Musk Twitter Bid Hints His ‘Final’ Price Maybe Not So Final
- Musk says in filing that he’s secured $46.5 billion in funding
- That’s more than enough to cover his $54.20 per share offer
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Elon Musk has said his $54.20 per share offer for Twitter Inc. was his “best and final.” While that may prove true, he just signaled that he might go higher.
The billionaire announced in a filing on Thursday that he’d secured $46.5 billion in funding for a bid to buy the social media company. That includes $25.5 billion in debt financing supported by more than a dozen investment banks, as well as a $21 billion equity commitment from himself.