Elon Musk has prepared $46.5 billion to buy Twitter directly from shareholders and is planning a public offer to buy shares of Twitter.
Musk has pledged to spend $33.5 billion on this deal. In addition, banks, including Morgan Stanley, have also agreed to lend Musk an additional $13 billion.
Twitter spokesperson said it had received the proposal from Musk: “As previously announced and according to the direct discussion with Mr. Musk, the board is committed to conducting a careful, comprehensive review the deal. Then make decisions that they believe it is the best for the company and all of Twitter’s shareholders.”
Elon Musk – currently Twitter’s second-largest shareholder, previously offered to buy the social network for $43 billion, prompting Twitter to take measures to limit his ability to increase shares.
According to Forbes’ real-time billionaire rankings, Musk has a net worth of about $269.5 billion and is the richest person in the world. Musk currently holds 9.2% of Twitter shares with a total value of up to $ 2.9 billion at the closing price on April 1. He also has an account with 80 million followers on this social network.