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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXBUSINESS.COM:

Tesla CEO Elon Musk is willing to invest up to $15 billion of his own cash to take Twitter private and will make a bid within 10 days, according to Tuesday reports.

The New York Post reported Tuesday that Musk, with a 9.1% stake in the social media company, has tapped Morgan Stanley to help raise an additional $10 billion.

The article goes on to state the following:

Musk’s massive $43 billion bid to purchase the company – or $54.20 per share – may require borrowing against both the company and his stock in addition to raising money from private equity investors, The Post reported, citing two sources close to the situation.

Musk’s current stake in the company is about $3.4 billion.  A total $10 to $15 billion investment would be a significant jump.

Under the plan now being considered, Musk would remain the single largest shareholder, but his co-investors will collectively hold more equity in the company. Together with Musk, the would finance a hostile tender directly to Twitter shareholders, going around the board.

The report states that Musk is looking to launch the offer within 10 days.

Musk wrote on Twitter Tuesday, “A social media platform’s policies are good if the most extreme 10% on left and right are equally unhappy.”

On Twitter Tuesday night, Musk agreed with one Twitter user who wrote, “Woke mind virus is the biggest threat to the civilization.”

“Yes,” Musk replied.

To get more information about this article, please visit FOXBUSINESS.COM.

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