Elon Musk says he has $46.5 billion in financing prepared to purchase Twitter

Elon Musk says he has lined up $46.5 billion in financing to purchase Twitter, and he’s attempting to barter an settlement with the corporate.

Last week, Musk introduced a proposal to purchase the social media firm for $54.20 per share, or about $43 billion. At the time, he did say how he would finance the acquisition.

The Tesla CEO says Thursday in paperwork filed with US securities regulators that he’s exploring what’s generally known as a young provide to purchase the entire social media platform’s frequent inventory for $54.20 per share in money. Under a young provide, Musk, who owns about 9% of Twitter shares, would take his provide on to different shareholders, bypassing the board.

But Musk hasn’t determined but whether or not to try this.

The paperwork say Twitter has not responded to Musk’s proposal.

Last week Twitter’s board adopted a “poison pill” defence that might make a takeover try prohibitively costly.

The submitting states that “entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion”.