Elon Musk commits financing worth 46,500 million dollars to buy Twitter, and reserves the possibility of launching a takeover bid on the social network if the company turns a deaf ear to his offer.
The richest man in the world presented his final offer a week ago, consisting of 43,000 million dollars at 54.20 dollars per title, and reminded the board that it must put aside its own reluctance to respond for the real interests of the shareholders, to whom it offers
a premium of 38% on the price
as of April 1, when its purchase of 9.2% of the company's capital had not yet surfaced.
Thus, Musk owns 73.1 million shares of Twitter, so with this operation he should pay, in principle, 39,431 million dollars, which is worth the 90.9% that he does not yet control.
The novelty is that Musk exhibits his financial backing before the US Securities Market Commission (SEC), before which he guarantees to collect up to 25.5 billion dollars from Morgan Stanley (the only financial entity that he mentions at the moment). , through a loan of 12,500 million and another 13,000 million dollars consisting of different lines of credit.
The entrepreneur also assures that he would respond
with 21,000 million dollars of
his own funds.
Tesla's business supports the words of the richest man in the world: a day earlier, the manufacturer announced that his profit had multiplied by seven in the first quarter of the year.
The company is worth more than a trillion dollars and Musk controls around 17% of the shares.
A Musk, a tweeter with strong public exposure as well as a successful businessman, also underlines the "lack of response" by the company's executives to his offer, for which he contemplates a public takeover bid (OPA) on the company.
The South African also reserves the possibility of "discussing" or "expressing" his opinions "from time to time" before the company's board.
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