Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc. private and is planning to launch a tender offer in about 10 days, the New York Post reported Tuesday, citing two sources familiar with the matter.
The Tesla tycoon has tapped Morgan Stanley to raise an additional $10 billion in debt, according to the report.
The social media company adopted a "poison pill" last week to protect itself from its second-biggest shareholder's $43 billion buyout offer.
Twitter and Tesla did not immediately respond to Reuters' requests for comment.
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