Musk willing to invest up to $15 bln of own money to buy Twitter

The social media company adopted a "poison pill" last week to protect itself from Musk's $43 billion buyout offer.

Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private, the New York Post reported on Tuesday, citing two sources familiar with the matter.

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The billionaire, who is Twitter's second-biggest shareholder with a 9.1% stake, is planning to launch a tender offer in about 10 days and has tapped Morgan Stanley to raise another $10 billion in debt, according to the report.

Musk, who is also Tesla Inc's chief executive, may also be willing to borrow against his current stake if necessary, a move that could possibly raise several billion additional dollars, the New York Post reported.

Twitter declined to comment. Tesla did not immediately respond to a Reuters request for comment from Musk.

The social media company adopted a "poison pill" last week to protect itself from Musk's $43 billion buyout offer.

More private-equity firms have expressed interest inparticipating in a deal for Twitter, people familiar with the matter told Reuters on Monday without naming the firm.