Another move! The world's richest man Musk bids $46.5 billion to acquire Twitter!

It is learned that Musk acquired a little over 9% of Twitter's shares on March 14. On April 14, Musk proposed to acquire the remaining shares of Twitter at a price of $54.20 per share, or $43 billion, which is much higher than Twitter's current market value of nearly $36 billion, but Twitter did not agree.

Musk recently submitted a document to the US securities regulator stating that he had obtained $46.5 billion in financing for the acquisition plan. The document shows that Morgan Stanley, Bank of America and several other banks have pledged to provide $25.5 billion in loans, and the rest will be supported by Tesla shares held by Musk.

If the acquisition is successful, the deal will be one of the largest acquisitions in Wall Street history. According to documents submitted to the federal government, Musk's financing plan is called "Project X", which includes $21 billion in equity financing, a $13 billion credit line and a $12.5 billion margin loan.

"I invested in Twitter because I believe it has the potential to be a platform for free expression around the world, and I believe free expression is a social imperative for a functioning democracy," Musk said in a letter to Twitter's president.

Musk also said in the filing that Twitter has not formally responded to his unsolicited proposal. The filing said he is "seeking to enter into a definitive agreement to acquire Twitter and intends to begin negotiations immediately."

On April 21, Twitter issued a statement saying that the board of directors had received Musk's proposal and was "committed to conducting a careful, comprehensive and thoughtful review to determine a course of action that it believes is in the best interests of the company and all Twitter shareholders." Since then, Twitter has formulated a "poison pill plan" to prevent Musk from acquiring more shares of Twitter.

It is learned that companies ranging from Disney to Salesforce have considered acquiring Twitter for many years, but those deals have failed. According to a report by the New York Post last week, private equity firm Thoma Bravo, which owns software companies including antivirus software provider McAfee, is also working hard to bid for Twitter, and Yahoo's parent company has also joined the bidding team.

Editor ✎Estella/

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