Africa-Press – Liberia. Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N).
From Oracle Corp’s (ORCL.N) co-founder Larry Ellison, a self-proclaimed close friend of Musk, to Saudi Arabian investor Prince Alwaleed bin Talal, who had earlier rejected the takeover bid, a bunch of investors have now thrown their weight behind the offer. read more
Here’s how the deal stacks up:
** Musk increased his financing commitment to $27.25 billion, from $21 billion – including the new $7.14 billion funding announced on Thursday
** The margin loan from Morgan Stanley tied to his Tesla (TSLA.O) stock stands at $6.25 billion, down from $12.5 billion announced on April 21
** Musk has secured commitments from banks for $13 billion in loans secured against Twitter shares
Following is a list of investors who have together promised about $7 billion in funding, according to a filing on Thursday:
A.M. Management & Consulting-$25 millionAH Capital
ManagementVC firm founded by Marc Andreessen and Ben Horowitz$400 million
Aliya Capital PartnersSpaceX investor$360 millionBAMCOInvestment adviser$100 million
BinanceCryptocurrency firm$500 millionBrookfieldCanadian investment firm with over $690 billion assets under management$250 million
DFJ Growth IV PartnersTesla, SolarCity, SpaceX and The Boring Company investor$100 million
Fidelity Management & Research CompanyActs as the investment advisor to Fidelity’s family of mutual funds$316 million
Honeycomb Asset ManagementPrivate investment firm led by Chief Investment Officer David Fiszel$5 million
Key Wealth Advisors$30 million
Lawrence J. Ellison Revocable TrustOracle co-founder Larry Ellison’s trust$1 billion
Litani VenturesChicago-based VC firm$25 million
Qatar HoldingInvestment house founded by Qatar Investment Authority$375 million
Sequoia Capital FundInvested in The Boring Company$800 million
Strauss Capital LLC-$150 million
Tresser Blvd 402 LLC (Cartenna)-$8.5 million
VyCapitalInvested in The Boring Company$700 million
Witkoff Capital New York-based real estate tycoon Steven Witkoff’s firm$100 million
Saudi Arabian investor Prince Alwaleed bin TalalTwitter investor $1.89 billion (34,948,975 shares)
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