Twitter reconsiders Elon Musk's takeover bid after $46.5 billion in financing secured

Twitter reconsiders Elon Musk's takeover bid after $46.5 billion in financing secured
Twitter by PhotoMIX-Company is licensed under Pixabay License
Twitter is reportedly re-examining SpaceX and Tesla CEO Elon Musk's $43 billion offer to buy the Big Tech company after he revealed that he has now secured $46.5 billion for the potential buyout.

According to The Wall Street Journal, Twitter had been ready to reject the offer, but will take a new look at it after the business magnate revealed his filing with the SEC showing that he has lined up financing for the offer. The financing includes $22.5 billion which will come from his own equities.

People familiar with the matter told The Wall Street Journal that the revelation makes it more likely for Twitter to seek to negative the offer with Musk.

"The situation is fast-moving and it is still far from guaranteed Twitter will do so," The Wall Street Journal noted.
Some of the people said that Twitter is still working on an estimate of its own value, and could also insist on sweeteners for the deal such as Musk covering breakup costs if the deal falls through.
 
Twitter by PhotoMIX-Company is licensed under Pixabay License