What an Elon Musk tender offer would mean for Twitter shareholders
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Elon Musk says he has $46.5 billion in financing to make a tender offer for Twitter. Here’s what that means for shareholders.
When Elon Musk tweeted “Love Me Tender” on April 16, he wasn’t sharing his favorite Elvis Presley song, he was foreshadowing his next move in his attempt to take over Twitter. Musk is currently exploring a tender offer on the social media network, according to a new filing with the U.S. Securities and Exchange Commission (SEC), which notes that Musk has $46.5 billion committed to help secure a deal.