Tesla CEO Elon Musk said that he is willing to invest 10 billion to 15 billion US dollars of his own cash to bid for Twitter, and plans to launch a takeover offer for Twitter in about 10 days, Musk has used Morgan Stanley through the traditional leveraged buyout method to refinance Twitter 10 billion US dollars.
David Faber, the host of CNBC’s Squawk on the Street, said Musk did not seem to be able to get help from private equity firms on the issue of acquiring Twitter.
For Musk’s privatization offer, Twitter has launched a “poison pill” plan to fend off the $43 billion hostile mergers launched by Musk.