Elon Musk 'is prepared to invest up to $15 Billion of his own cash in bid to buy Twitter and Will Mount Second Takeover Bid In 10 Days' as he teases plan to give woke social media platform a free-speech makeover
Electric car pioneer
Elon Musk is plotting to spend up to $15 billion of his own cash to take
Twitter private and will launch a second takeover bid in 10 days, it has been claimed.
The billionaire, who is Twitter's second-biggest shareholder with a 9.1 percent stake, has tapped Morgan Stanley to raise $10 billion in debt and will make his next offer in a week-and-a-half, according to the
New York Post.
Shares in the social media app dropped nearly 5 percent to $46.16 in afternoon trade, a deep discount from the $54.30 that Musk offered last week in his initial bid for the platform.
The Space X honcho seems to already working on how to improve Twitter's performance.
Musk has repeatedly infuriated woke Twitter staffers with vows to bolster the site's free speech protections, after it was accused of censoring conservative voices with views it considers 'harmful.'
The Twitter board is made up of some of tech's best and brightest, including Bret Taylor, co-CEO of business software company Salesforce, MasterCard boss Mimi Alemayehou, Stanford professor Fei-Fei Li, 1st Dibs CEO David Rosenblatt and others.
Other investment firms have also said that they would like to join in on the bid for Twitter, sources told Reuters on Monday.
Apollo Global Management, whose CEO Leon Black stepped down last year over $158 million he paid to Jeffrey Epstein for 'tax advice,' has announce itself open to working with Musk or anyone else who wants to make an offer for the social media company.
Elon Musk 'is willing to invest up to $15 billion of his OWN money' to take Twitter private | Daily Mail Online