Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, according to the New York Post, citing two sources familiar with the situation.
According to the report, the billionaire, who owns 9.1 percent of Twitter, plans to launch a tender offer in about 10 days and has hired Morgan Stanley to raise another $10 billion in debt. Musk, who is also the CEO of Tesla Inc, may be willing to borrow against his current stake if necessary, which could raise several billion dollars more, according to the New York Post. Twitter did not respond. Musk did not immediately respond to a request for comment from Reuters.