Even though Musk is the richest person in the world, he needs financial support from banks or other investors to finance such a big deal. As you know, other executives of Twitrer used a method called "poison pill" in order to prevent Musk from buying more shares. Despite this situation, Musk; It is asking Morgan Stanley to raise $10 billion in funding to launch a tender offer in about 10 days, the New York Post reported, citing two anonymous sources.
With a net worth of $261 billion, according to Bloomberg estimates, Musk wants to use substantial financial support to put together such a big deal. But there is also a part that does not support Musk. Blackstone Group, Vista Equity Partners and Brookfield Asset Management chose not to fund Musk, the Financial Times reported.
Some investors like Apollo Global Management and Thoma Bravo are looking to support Musk, Reuters and the Wall Street Journal reported earlier this week.
So far, Musk has not publicly disclosed how he plans to finance the Twitter acquisition. Tesla CEO made a bid to buy Twitter at $54.20 per share, with a potential deal valued at $43 billion, the U.S. Securities and Exchange Commission announced on April 14.
The Tesla CEO claimed on April 15 that he had enough assets to fund the purchase, without providing further details.
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