Elon Musk has unveiled a $46.5bn financing package to fund his takeover bid for Twitter as he pushes ahead with a deal that would be one of the largest leveraged buyouts in history.
The billionaire chief executive of Tesla has lined up $25.5bn in debt — including a margin loan of $12.5bn against his shares in the electric vehicle maker — from a group of banks led by Morgan Stanley, his financial adviser.
Separately, he said he would provide $21bn of equity for the deal, according to paperwork filed with the Securities and Exchange Commission on Thursday, although he did not provide further details of where this portion of the financing would come from.