Musk Announces He’s Secured Funding For Twitter, Details Potential Next Move To Work Around Unresponsive Board

Tesla CEO Elon Musk disclosed Thursday that he has received commitment letters for $46.5 billion in funding to purchase Twitter, and is eyeing a workaround since the Twitter board has been unresponsive to the billionaire.

Musk made it clear in a securities filing that he’s exploring a tender offer “to acquire shares of Twitter directly from shareholders, though he said he hasn’t decided whether to do so,” The Wall Street Journal reported.

Twitter’s board of directors last week adopted a “poison pill” to thwart Musk’s bid for a takeover.
Elon Musk by Steve Jurvetson is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)
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