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{"id":4138,"date":"2022-04-21T14:38:17","date_gmt":"2022-04-21T14:38:17","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/04\/21\/elon-musk-lays-out-funding-for-ambitious-twitter-takeover\/"},"modified":"2022-04-21T14:38:18","modified_gmt":"2022-04-21T14:38:18","slug":"elon-musk-lays-out-funding-for-ambitious-twitter-takeover","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/04\/21\/elon-musk-lays-out-funding-for-ambitious-twitter-takeover\/","title":{"rendered":"Elon Musk lays out funding for ambitious Twitter takeover"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/4\/21\/23033445\/elon-musk-twitter-bank-debt-commitment-letter<\/a>
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Elon Musk has lined up the funding he needs for his proposed takeover of Twitter. In a new filing<\/a> with the US Securities and Exchange Commission on Thursday, Musk laid out his plan for the $46.5 billion worth of loans that will allow him to finance the buyout offer made on April 14th<\/a>.<\/p>\n

The funding is provided through two debt commitment letters from Morgan Stanley Senior Funding, in which the bank commits to offering a series of loans worth $25.5 billion. The remaining $21 billion will be covered by Musk himself. <\/p>\n

Notably, the filing does not list any equity partners to share the cash burden with Musk. The Tesla CEO already owns a 9 percent stake in Twitter, valued at roughly $2.9 billion.<\/p>\n

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