CEO of Tesla motors, Elon Musk has been allegedly approached by social network company twitter, over the weekend to view his $43bn (£33.6bn) takeover offer for the social media platform.

This development occurred after it was revealed that the renowned entrepreneur, who owns a more than 9% stake in Twitter became interested in the company’s takeover.

Considering funding, Mr Musk has a plan to finance his bid with the backing of US lender Morgan Stanley and other financial institutions, BBC reports.

So far, there hasn’t been any response or reports from Twitter’s a spokesperson.

According to Reuters, the New York Times and Bloomberg, Mr Musk, has lined up a $46.5bn financing package for his bid.

The funding will come from a mixture of his own assets and the backing of Wall Street banking giant Morgan Stanley and other firms.

A number of Twitter shareholders reportedly contacted the company after Mr Musk announced the financing plan and urged it not to miss the opportunity for a potential deal.