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AP National Business

Musk says he has $46.5B in financing ready to buy Twitter

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Published 7:18 AM

By TOM KRISHER and MATT O’BRIEN
AP Business Writers

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday with U.S. securities regulators that he’s exploring what’s known as a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash. But Musk hasn’t decided yet whether to do that. The documents say Twitter has not responded to Musk’s proposal. Last week Twitter’s board adopted a “poison pill” defense that would make a takeover attempt prohibitively expensive.

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