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Twitter jumps after Musk increases commitment in takeover bid to $33.5 billion, in talks for other funding
A new filing reveals that Elon Musk plans to front $33.5 billion in his bid to take over Twitter. Musk is in talks with Twitter founder and former CEO Jack Dorsey and others to help finance, or roll their shares over, to complete the deal. In a letter to investors backing the holding company that Musk is forming to take Twitter private, the Tesla and SpaceX CEO expressed his commitment to completing the deal.