Elon Musk secures $46.5 billion financing to acquire Twitter

Elon Musk has a big bag of cash: lined up the required (and huge) $46.5 billion to cover the costs of his acquisition of Twitter.

Published Thu, Apr 21 2022 11:42 AM CDT   |   Updated Sat, May 14 2022 5:26 AM CDT

Elon Musk has secured the required $46.5 billion in funding for his acquisition of Twitter, according to a filing with US regulators on Thursday.

The SpaceX and Tesla CEO will be ponying up $33.5 billion on his own, which includes $21 billion in equity and $12.5 billion in margin loans. The richest man on the planet still requires regular banks, with financial firms like Morgan Stanley agreeing to cough up $13 billion in debt against Twitter, according to the filing.

Twitter has been tripping over itself to not let this happen, going as far as introducing a "poison pill" so that someone like Musk couldn't buy the social networking giant. Well, spoiler alert... I think it's about done. The second-largest shareholder of Twitter has just secured $46.5 billion in funding to do what you should do when you're obscenely rich -- whatever the hell you want to.

Elon Musk secures $46.5 billion financing to acquire Twitter 01 | TweakTown.com
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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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