Tech billionaire Elon Musk secured fresh financing from a group of investors including a Saudi Prince and Oracle co-founder Larry Ellison for his $44 billion buyout of Twitter, according to a new securities filing on Thursday. The world’s richest man received equity commitment letters from 19 investors, committing to pay $7.14 billion in cash or Twitter common stock (valued at $54.20 per share), according to the document. The largest contribution came from Saudi Prince Alwaleed bin Talal, a billionaire and one of Twitter’s largest stockholders, with $1.9 billion commitment, followed by Ellison, who agreed to invest $1 billion. Other investors include Sequoia Capital Fund, Canadian private equity firm Brookfield, asset management firm Fidelity, Qatar Holding, Andreessen Horowitz, and crypto exchange Binance. ...
Source: https://www.theepochtimes.com/elon-musk ... 47655.html
Elon Musk Raises $7 Billion Additional Funding for His Twitter Deal
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Elon Musk Raises $7 Billion Additional Funding for His Twitter Deal
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