Twitter bid secures $46.5 billion funding from Elon Musk

On Thursday, a filing with US regulators showed that Musk has secured a $46.5 billion funding commitment for the purchase of Twitter Inc. He plans on launching a tender offer for the firm's shares.

Mr Musk has committed to putting up $33.5 billion in equity and margin loans, totalling $21 billion.

Several banks, including Morgan Stanley, have agreed to lend Twitter another $13 billion in debt.

Founder and CEO of Tesla, Elon Musk, is Twitter's second-largest shareholder. Musk recently made an offer to buy the company for $43 billion that caused Twitter to adopt a "poison pill" to limit Mr Musk's ability to increase Twitter's stake.