The billionaire, who is Twitter's second-biggest shareholder
with a 9.1% stake, is planning to launch a tender offer in about 10 days and
has tapped Morgan Stanley to raise another $10 billion in debt, according to
the report.
Musk, who is also Tesla Inc's chief executive, may also be
willing to borrow against his current stake if necessary, a move that could
possibly raise several billion additional dollars, the New York Post reported.
Twitter declined to comment. Tesla did not immediately
respond to a Reuters request for comment from Musk.
The social media company adopted a "poison pill"
last week to protect itself from Musk's $43 billion buyout offer.
More private-equity firms have expressed interest in
participating in a deal for Twitter, people familiar with the matter told
Reuters on Monday without naming the firm.
The interest emerged after Thoma Bravo, a technology-focused
PE firm, contacted the social media platform last week to explore a buyout that
would challenge Musk's offer.
Apollo Global Management Inc is considering ways it can
provide financing to any deal and is open to working with Musk or any other
bidder, 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 were down 1.6% at $47.69 in afternoon trade,
well below Musk's offer of $54.20.
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