Elon Musk is keen to speculate between US$10 billion (S$13.68 billion) and US$15 billion of his personal cash to take Twitter Inc non-public, the New York Post reported on Tuesday (April 19), citing two sources acquainted with the matter.
The billionaire, who’s Twitter’s second-biggest shareholder with a 9.1 per cent stake, is planning to launch a young provide in about 10 days and has tapped Morgan Stanley to lift one other US$10 billion in debt, in response to the report.
Musk, who can also be Tesla Inc’s chief govt, can also be keen to borrow in opposition to his present stake if needed, a transfer that would presumably elevate a number of billion further {dollars}, the New York Post reported.
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