Elon Musk Says Ready to Buy Twitter, Secures $46.5 Billion In Funding
Elon Musk on Thursday said he has lined up $46.5 billion (roughly Rs. 3,54,562 crore) in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with US regulators showed.Musk himself has committed to put up $33.5 billion (roughly Rs. 2,55,560 crore), which will include $21 billion (roughly Rs. 1,60,200 crore) of equity and $12.5 billion (roughly Rs. 95,360 crore) of margin loans against some of his Tesla shares to finance the transaction. He is chief executive…