--- description: A new SEC filing indicates that Musk is considering bypassing the company's board to take over directly from shareholders. title: Elon Musk Has Secured $46.5 Billion to Offer Twitter image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8d074f3d09401915/698a30d84ee262011c31a149/AP22101192217431.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close # Well, Elon Musk Has Secured the $46.5B to Buy Twitter in Just a Few Days  by [Emma Barker Bonomo](/author/emma-barker/)  ## Emma Barker Bonomo Update your preferences in [Account Settings](/account/preferences/) Close Apr 21, 2022 2:55 PM CUT  Elon Musk speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla, Jan. 19, 2020. Elon Musk speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla, Jan. 19, 2020.John Raoux—AP  by [Emma Barker Bonomo](/author/emma-barker/)  ## Emma Barker Bonomo Update your preferences in [Account Settings](/account/preferences/) Close Apr 21, 2022 2:55 PM CUT Elon Musk says he has gathered up more than enough cash to follow through on his bid to buy Twitter. In a [new SEC filing](https://www.sec.gov/Archives/edgar/data/0001494730/000110465922048128/tm2213229d1%5Fsc13da.htm "undefined") Thursday morning, he confirmed that he has secured the full $46.5 billion funding in commitment letters from Morgan Stanley and other financial institutions. Musk also floated that he may explore a “tender offer” to buy the social network in an effort to circumvent Twitter’s poison pill defense to his first offer. A tender offer would appeal directly to a company’s shareholders, rather than its board. If Musk decides to officially pursue his Plan B, he would essentially be offering to buy each Twitter shareholder out at $54.20 per share. If he convinces enough shareholders to sell to him, he would eventually gain a controlling interest in the company. Tender offers can be associated with a hostile takeover, because they bypass the company’s leadership and appeal directly to shareholders. It can also be a more expensive option for the buyer. If another bidder appeals to shareholders, they can raise the price and Musk could end up having to pay even more to buy a majority. Already, Apollo Global Management, which owns Yahoo, has expressed interest in buying Twitter. Musk’s tender offer plan won’t be a surprise to his 82 million Twitter followers. Earlier this week, he tweeted the not-so-veiled message: “—– is the night”, a reference to F. Scott Fitzgerald’s “Tender is the Night.” > [](https://twitter.com/elonmusk/status/1516620752040116231) ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/6169100/elon-musk-secures-money-buy-twitter/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/6169100/elon-musk-secures-money-buy-twitter/"},"headline":"Well, Elon Musk Has Secured the $46.5B to Buy Twitter in Just a Few Days","datePublished":"2022-04-21T14:55:26.000Z","dateModified":"2026-04-13T08:52:39.999Z","description":"A new SEC filing indicates that Musk is considering bypassing the company's board to take over directly from shareholders.","url":"https://time.com/6169100/elon-musk-secures-money-buy-twitter/","keywords":["Tech","biztech2030"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt8d074f3d09401915/698a30d84ee262011c31a149/AP22101192217431.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Emma Barker Bonomo","jobTitle":null,"url":"https://time.com/author/emma-barker/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt8d074f3d09401915/698a30d84ee262011c31a149/AP22101192217431.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"US Musk Twitter","caption":"US Musk Twitter","creditText":"John Raoux—AP","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/6169100/elon-musk-secures-money-buy-twitter/","name":"Well, Elon Musk Has Secured the $46.5B to Buy Twitter in Just a Few Days"}}]}] ```