Entrepreneur Elon Musk has secured $46.5
billion in funding to buy Twitter Inc and is considering a tender offer for its
shares, a filing with US regulators showed on Thursday, reported Reuters. 

Also Read: Elon Musk attempts to secure funding to buy Twitter: Report

Musk himself has pledged to set up a
$33.5 billion fund, which will include $21 billion of equity and $12.5 billion
of margin loans, to finance the transaction.

Banks, including Morgan Stanley, have
agreed to provide another $13 billion in debt secured against Twitter itself,
according to the filing.

Also Read: Elon Musk threatens to slash Twitter board pay to $0 if he acquires firm

Twitter was not immediately available
for comment.

Musk’s last move came after Twitter Inc
did not respond to his offer and instead talked about a “poison pill”
to thwart the billionaire’s effort to buy the social media platform for $43

Musk, a self-proclaimed “free
speech absolutist,” has said the social media company needs to be taken
private to grow and become a platform for free speech.

Also Read: Elon Musk’s tweets on taking Tesla private were false, rules US court

The offer from Musk, who is also the
second-largest shareholder of Twitter, has drawn private equity interest in
participating in a deal for Twitter, Reuters reported, citing people familiar
with the matter.

Apollo Global Management Inc (APO.N) is
considering ways it can provide financing to any deal and is open to working
with Musk or any other bidder, while Thoma Bravo has informed Twitter that it
is exploring the possibility of putting together a bid.

Also Read: Elon Musk ‘in for a world of pain’ if he buys Twitter, warns ex-Reddit CEO

Musk is himself an active Twitter user
with over 80 million followers on the platform. He has made of a number of
announcements on the platform, including some that have landed him in hot water
with US regulators.

In 2018, Musk tweeted he had
“funding secured” to take Tesla Inc (TSLA.O) private for $420 per
share – a move that led to millions of dollars in fines and him being forced to
step down as chairman of the electric car company to resolve claims from the
U.S. securities regulator that he defrauded investors.