Twist at home Twitter, with Tesla’s Elon Musk, intending to buy the social network, who announced that he had found even more than the funds initially considered necessary to finance his proposed acquisition.
Virtually every day the volcanic entrepreneur Elon Musk reserves news relating to his attempt to acquire Twitter, in the name of an operation that, in the past few hours, has experienced a new and not entirely expected development.
In recent days, many have wondered if Musk would have gone all the way: his substances are, for the most part, tied to investments in his companies, and the turnover of the social network, which grew by 22% compared to 2021, in the last 3 months of last year it has grown, yes, but only by 1.56 billion dollars, making an operation that, in the billionaire’s initial intentions, should have cost 43 billion dollars unjustifiable. Moreover, already in 2018 the CEO of Tesla had declared that he wanted to delude a company, his own, but then not do it, with the consequences of being fined and forced for a certain time to resign from his position at the automobile company.
Apparently, however, Elon Musk has succeeded in his attempt to raise the funds, as leaked in recent days. The South African entrepreneur has in fact presented a documentation to the American SEC, in which he substantiates the origin of the funds of his proposal, with 21 billion dollars deriving from his assets, and 25.5 billion dollars provided by the investment bank Morgan Stanley, half of which obtained as a loan by pledging the shares held with Tesla.
In essence, Elon Musk’s bid to buy all of Twitter has actually been raised by $ 3 billion, and now stands at $ 46.5 billion. The Board of Directors of the social network, which although not expressing itself openly (it could do so on April 28 on the occasion of the disclosure of the data of its last quarterly) had activated an anti-escalation counter-defense valid for 1 year, communicated that, having received the updated purchase proposal, which “provides additional information with respect to the original proposal and new information on potential financing“, will analyze it in a complete and careful way, expressing an assessment that is in the interest of shareholders and companies.
Meanwhile, Elon Musk is already looking ahead, arguing that if his offer is accepted, one of the first things he would do would be to fight against spam bots by having every person authenticated.