Elon musk could buy Twitter today: Reports

Twitter Inc is close to reaching a deal to sell it to Elon Musk for $54.20 a share in cash, the price it originally offered the social media company and called its “best and final” offer, they said. people familiar with the matter.

Twitter could announce the $43 billion deal later Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It’s always possible the deal could fall apart at the last minute, the sources added.

So far, Twitter has been unable to secure a go-shop provision in its deal with Musk that would allow it to solicit other offers from potential buyers once the deal is signed, the sources said. Still, Twitter could accept an offer from another party by paying Musk a breakup fee, according to the sources.

In this way, to finance the proposed transaction to the address of Twitter or a potential OPA, Musk informed the SEC of a series of agreements with entities, including the commitment of Morgan Stanley and other firms to provide financing for a value of 25,500 million dollars (23,536 million dollars). millions of euros).

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Specifically, the participating entities have agreed to provide 12,500 million dollars (11,537 million euros) through margin loans available to Musk.

Likewise, they will contribute another 13,000 million dollars (11,999 million euros) through a senior guaranteed term credit line amounting to 6,500 million dollars (5,999 million euros), a senior guaranteed credit line of 500 million dollars (461 million euros), a senior secured bridge line of credit for an aggregate amount of up to 3,000 million dollars (2,769 million euros) and an unsecured senior bridge line of credit for another 3,000 million dollars.

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