World Conglomerate Elon Musk Prepares IDR 215 Trillion In Personal Funds For Twitter Acquisition, Remaining Debt To Morgan Stanley

Elon Musk is very ambitious to buy Twitter, to the point of setting up personal funds. (photo: doc. Pixabay)

JAKARTA - Elon Musk is willing to invest between 10 and 15 billion US dollars (IDR 143 to 215 trillion) of his own money to make Twitter Inc. as a private company. This was reported by the New York Post on Tuesday, April 19, citing two reliable sources on the matter.

The billionaire, who is Twitter's second-largest shareholder with a 9.1% stake, plans to launch a tender offer in about 10 days and has asked Morgan Stanley to increase its debt by $10 billion.

Musk, also known as the CEO of Tesla Inc, may also be willing to borrow his current stock if necessary. According to the New York Post, this move may help Musk to raise an additional few billion dollars.

Responding to this report, Twitter declined to comment. Meanwhile, Tesla has not yet responded to a request for comment from Reuters on Musk's plans.

Twitter has been adopting a "poison pill" since last week to protect itself from Musk's $43 billion purchase offer.

Now several private equity firms have expressed interest in participating in the new deal for Twitter. Several sources cited this new investor interest in Reuters on Monday, April 18. But they were reluctant to mention which investors are interested in buying Twitter Inc, without mentioning the name of the company.

Interest arose after Thoma Bravo, a tech-focused PE firm, contacted the social media platform last week to explore a purchase that would challenge Musk's bid.

Apollo Global Management Inc is also considering ways to provide financing for any deal and is open to working with Musk or other bidders, the sources told Reuters.

Many investors, analysts and investment bankers expect Twitter's board to reject Musk's offer in the coming days, saying it is inadequate.

Twitter shares fell 1.6% to $47.69 in afternoon trade, well below Musk's $54.20 bid.