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Musk willing to invest up to $15 billion of own money to buy Twitter -NY Post -Breaking

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© Reuters. FILEPHOTO: Tesla CEO Elon Muss leaves Manhattan federal Court following a hearing about his fraud settlement in New York City with the Securities and Exchange Commission. REUTERS/Brendan McDermid

(Reuters) -Elon Musk will invest $10 billion to $15 billion of his personal money in order to make a profit. Twitter Inc (NYSE:] private The New York Post reported Tuesday that the New York Post had cited two sources who are familiar with the matter.

A billionaire who holds a 9.1% interest in Twitter is the second-largest shareholder. Morgan Stanley (NYSE:) to raise another $10 billion in debt, according to the report https://nypost.com/2022/04/19/elon-musk-scrambles-to-find-backers-for-twitter-takeover-sources.

The New York Post reports that Musk (NASDAQ;) Inc’s Chief Executive Officer may be open to borrowing against his existing stake if needed, a move which could raise several billion dollars.

Twitter refused to comment. Tesla didn’t immediately reply to a Reuters inquiry for comment by Musk.

Last week, Musk’s $43 Billion buyout offer led to the company adopting a “poison tablet” as protection.

According to people familiar with this matter, more private-equity companies expressed interest in a Twitter deal.

After Thoma Bravo (a tech-focused PE company) contacted social media to discuss a possible buyout, the interest grew.

According to Reuters, Apollo Global Management (NYSE 🙂 Inc is looking at ways to finance any deal. Sources told Reuters that they are open to discussing with Musk and any other bidder.

Analysts, investors and bankers are expecting Twitter’s board will reject Musk’s offer within the coming days.

In afternoon trading, Twitter shares fell 1.6% to $47.69. This is well below Musk’s $54.20 offer.

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