Elon Musk Outmaneuvers Twitter, Secures $46.5 Billion Financing Commitment to Acquire Twitter

Elon Musk has secured a $46.5 billion financing commitment to acquire Twitter and is considering starting a tender offer for its outstanding shares, a filing with U.S. regulators showed.

Democrats are terrified of the idea of freedom to speak. It presents a direct to authoritarian Democrats (redundant?).

The left cannot permit the free exchange of ideas because their failed ideas cannot stand up to scrutiny and challenge.

Freedom of speech is the foundation of a free society. Without it, a tyrant (or Democrats) can wreak havoc unopposed, while his opponents are silenced.

Gd bless, Elon Musk.

Elon Musk says he’s secured $46.5 billion to buy Twitter

By Theo Wayt and Josh Kosman, NY Post, April 21, 2022:

Elon Musk has secured $46.5 billion in financing to fund his Twitter takeover bid, according to a Thursday regulatory filing.

The Tesla tycoon is also considering mounting a tender offer — which would involve trying to buy up stock from existing shareholders at $54.20 per share — in order to grow his stake in Twitter, the filing shows.

Twitter rose 0.6% on the news to $46.98 but remain well below Musk’s proposed takeover price of $54.20, indicating that investors are still skeptical that the deal will go through.

“He’s making the offer and it’s not conditioned on financing or business due diligence,” a hedge fund manager reviewing the situation told The Post, adding that he was surprised at the speed Musk’s dealmaking team is moving.

According to Musk’s Securities and Exchange Commission filing, funding for his Twitter takeover bid consists of a $21 billion equity commitment from Musk as well as a variety of loans and financing commitments totaling $25.5 billion from several banks guaranteed by his financial advisor Morgan Stanley.

A lender following the situation said regulators may question how Morgan Stanley can guarantee this kind of high-leverage financing without doing extensive due diligence on Twitter.

Musk, who is racing to put a deal in place ahead of Twitter’s May 25 shareholder meeting, also disclosed that he has not received a response to the takeover proposal he submitted to Twitter’s board last week.

The Truth Must be Told

Your contribution supports independent journalism

Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.

Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.

Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.

Please contribute here.

or

Make a monthly commitment to support The Geller Report – choose the option that suits you best.

• $25.00 here
• $50.00 here
• $75.00 here
• $100.00 here
• $250.00 here