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.
Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance the acquisition.
The documents filed with the Securities and Exchange Commission say San Francisco-based Twitter Inc. has not responded to Musk's proposal. People are also reading… The filing states that"entities related to have received commitment letters committing to provide an aggregate of approximately $46.5 billion."
Shares of Twitter were down slightly to $46.69 in Thursday morning trading after the financing became public. The share price is $7.51 below Musk's offer.
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