<p>Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he's trying to negotiate an agreement with the company.</p>.<p>Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did say how he would finance the acquisition.</p>.<p>The Tesla CEO says Thursday in documents filed with US securities regulators that he's exploring what's known as a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.</p>.<p>But Musk hasn't decided yet whether to do that.</p>.<p>The documents say Twitter has not responded to Musk's proposal.</p>.<p>Last week Twitter's board adopted a “poison pill” defence that could make a takeover attempt prohibitively expensive.</p>.<p>The filing states that “entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion”. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he's trying to negotiate an agreement with the company.</p>.<p>Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did say how he would finance the acquisition.</p>.<p>The Tesla CEO says Thursday in documents filed with US securities regulators that he's exploring what's known as a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.</p>.<p>But Musk hasn't decided yet whether to do that.</p>.<p>The documents say Twitter has not responded to Musk's proposal.</p>.<p>Last week Twitter's board adopted a “poison pill” defence that could make a takeover attempt prohibitively expensive.</p>.<p>The filing states that “entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion”. </p>.<p><strong>Watch the latest DH Videos here:</strong></p>