Elon Musk is prepared to speculate between $10 billion (roughly Rs. 76,435 crore) and $15 billion (roughly Rs. 1,14,664 crore) of his personal cash to take Twitter non-public, the New York Post reported on Tuesday, citing two sources aware of the matter.

The billionaire, who’s Twitter’s second-biggest shareholder with a 9.1 p.c stake, is planning to launch a young supply in about 10 days and has tapped Morgan Stanley to lift one other $10 billion in debt, based on the report.

Musk, who can also be Tesla Inc’s chief govt, can also be prepared to borrow towards his present stake if crucial, a transfer that might presumably increase a number of billion extra {dollars}, the New York Post reported.

Twitter declined to remark. Tesla didn’t instantly reply to a Reuters request for remark from Musk.

The social media firm adopted a “poison pill” final week to guard itself from Musk’s $43 billion (roughly Rs. 3,28,534 crore) buyout supply.

More private-equity corporations have expressed curiosity in collaborating in a deal for Twitter, individuals aware of the matter informed Reuters on Monday with out naming the agency.

The curiosity emerged after Thoma Bravo, a technology-focused PE agency, contacted the social media platform final week to discover a buyout that might problem Musk’s supply.

Apollo Global Management is contemplating methods it may well present financing to any deal and is open to working with Musk or every other bidder, the sources informed Reuters.

Many traders, analysts and funding bankers count on Twitter’s board to reject Musk’s supply within the coming days, saying it’s insufficient.

Twitter shares have been down 1.6 p.c at $47.69 (roughly Rs. 3,645) in afternoon commerce, effectively beneath Musk’s supply of $54.20 (roughly Rs. 4,140).

© Thomson Reuters 2022