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Elon Musk unveils $46bn financing package to fund Twitter takeover and uses Tesla as collateral

Elon Musk has unveiled his $46billion financing package to fund his takeover of Twitter – using Tesla as collateral.

The world’s richest man filed new documents with the Securities and Exchange Commission today outlining how he would seize the social media giant.

He has secured $21billion from equity financing, $13billion from Morgan Stanley in debt facilities and another $12.5billion from the bank in margin loans.

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