Musk to invest up to $15B of his own money to buy Twitter, scrambles to find other investors
Musk has tapped Morgan Stanley to raise another $10 billion in debt against Twitter
By Arghyadeep Dutta
Published - Apr 19, 2022, 11:00 PM ET
Last Updated - Feb 22, 2024, 02:53 PM EST
PE firms are staying away from political controversies and fear that they won’t be able to control Musk
Elon Musk, the wealthiest person in the world, is scrambling to assemble co-investors for a cash infusion to buy out Twitter Inc (NYSE: TWTR).
The billionaire — who offered $43 billion to take over Twitter — is willing to invest between $10 billion and $15 billion of his own money, New York Post reported on Tuesday, citing two sources familiar with the matter.
Musk currently owns a 9.1% stake in the social media company that he revealed on April 4, worth about $3.4 billion.
