Elon Musk could set aside $15 billion of his own money to help finance his $43 billion Twitter bid, a report says

According to a report, Musk is scrambling to pull together his acquisition bid.

According to a New York Post report on Tuesday, Musk may be willing to set aside up to 15 billion of his own money to help finance a takeover.

The New York Post reported that he wants Morgan Stanley to help him raise another $10 billion in debt, and that he plans to launch a tender offer within 10 days. According to the New York Times, Morgan Stanley is helping Musk with debt rather than equity financing. The bank is advising Musk, according to a filing with the SEC.

The billionaire with a net worth of $261 billion is likely to need a lot of financial support to pull off such a large deal.

According to the Financial Times on Wednesday, some of the big private equity groups did not want to give Musk equity.

Their reported concerns are the long-term growth and profitability prospects of the company. The billionaire has plans for the platform that include not paying board members and loosened content moderation.

The newspaper said other institutions are considering stumping up debt or preferred equity financing.

The Wall Street Journal reported earlier this week that some investors, such as Apollo Global Management, have expressed an interest in participating in a bid for the company.

Musk has not disclosed how he plans to finance his purchase of the micro-blogging site. According to a US Securities and Exchange Commission filing, the CEO of the company made an offer to buy the company for $43 billion. He claimed on April 15 that he has enough money to fund the deal.

Insider did not get a response from Musk or the company. Morgan Stanley did not reply immediately.

Insider did not get a response from the companies.

Even if Musk succeeds in putting together a formal bid, he still has to contend with the poison pill that the board put in place to prevent an investor from acquiring more than 15% of the company.

The plan would allow all other shareholders to exercise their rights to buy a portion of the stock at a price of $210 if Musk crosses that threshold.

Musk has built up a stake in the company that equates to 9.1% of the firm.