4/19, 6:55 PM (Source: TeleTrader)
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Chart for: Twitter Inc


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Musk ready to spend up to $15B on Twitter bid - report

Billionaire Elon Musk is willing to invest between $10 billion and $15 billion "of his own money" in the attempt to take Twitter, Inc. private, the New York Post reported on Tuesday, citing people close to the situation.

"Musk appears to be facing hurdles in raising the money," the outlet claimed and added that the Tesla Inc. CEO may decide to borrow money using his stake in Twitter as collateral.

Musk offered to acquire the social media giant at $54.2 per share, or $43 billion in total. The company's executive board has since adopted a plan meant to prevent the takeover.

Baha Breaking News (BBN) / BU