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Elon Musk prepares $46.5 billion to buy Twitter

Elon Musk is currently Twitter’s second-largest shareholder. (Photo: Fox)

Musk has pledged to spend $33.5 billion on this deal. In addition, banks, including Morgan Stanley, have also agreed to lend Musk an additional $13 billion.

A Twitter spokesperson said it had received a proposal from the US billionaire. “As previously announced and in direct communication with Mr. Musk, the board is committed to conducting a careful, comprehensive, and thoughtful review to determine the course of action that it believes is in the best interest of the company. of the company and all of Twitter’s shareholders,” the social network said.

Billionaire Elon Musk – now Twitter’s second-largest shareholder, had previously offered to buy the social network for $43 billion, prompting Twitter to take steps to limit Musk’s ability to increase his stake in the platform. this social media platform.

According to the real-time billionaire rankings of global media company Forbes, Musk has a net worth of about $269.5 billion and is the richest person in the world.

Billionaire Musk currently holds 9.2% of Twitter shares with a total value of up to $ 2.9 billion at the closing price on April 1. He also has an account with 80 million followers on this social network.

Twitter, which started operations in July 2006, is headquartered in San Francisco (USA) and has more than 35 offices worldwide. Currently, in addition to messaging, users of this social network can also post conversations, photos, videos, animations…

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