You Vote: Do you want Elon Musk to buy Twitter?

World's richest man working on Plan B following Twitter board's "poison pill."

Published: April 21, 2022 11:29am

Updated: April 21, 2022 1:35pm

Tesla CEO Elon Musk has lined up $46.5 billion to fund his bid for Twitter, according to a new filing with the Securities and Exchange Commission.

In the filing updated Thursday, Musk said he is now exploring a tender offer to acquire shares of Twitter directly from shareholders.

Musk said he's secured about $25.5 billion in debt commitments through multiple firms, much of it backed by his Tesla shares, and committed about $21 billion in equity financing.

The new filing came after Musk offered to acquire all the shares in Twitter he doesn't currently own at $54.20 a share last week, valuing the social media platform at more than $43 billion.

Twitter's board of directors responded by voting unanimously on Friday to adopt a so-called "poison pill" to block Musk's attempted takeover, making it difficult for him to increase his stake above 15%.

After Twitter's response, Musk indicated he had a "Plan B" if his takeover attempt failed.

Musk is still considering bringing in an equity partner for his bid, according to the Wall Street Journal.

Do you want Elon Musk to succeed in acquiring Twitter?


The Facts Inside Our Reporter's Notebook

Unlock unlimited access

  • No Ads Within Stories
  • No Autoplay Videos
  • VIP access to exclusive Just the News newsmaker events hosted by John Solomon and his team.
  • Support the investigative reporting and honest news presentation you've come to enjoy from Just the News.
  • Just the News Spotlight

    Support Just the News