Twitter Buyout by Elon Musk Finds Support for over $7B from 19 Big Investors

von Eva Fox Mai 05, 2022

Twitter Buyout by Elon Musk Finds Support for over $7B from 19 Big Investors

The Twitter purchase by Elon Musk found support among 19 major investors. A group of investors will provide more than $7 billion for this, which reduces the amount Musk has to borrow against his Tesla stake.

A May 4 filing with the US Securities and Exchange Commission (SEC) revealed the identities of 19 investors who pledged to help fund Elon Musk's $44 billion deal to buy Twitter. A group of investors has agreed to invest about $7.14 billion, allowing Musk to reduce the amount of money he has to borrow against his Tesla stake.

Last week, the head of some of the world's most disruptive companies sold $8.5 billion worth of Tesla shares. This followed after Twitter accepted his $44 billion buyout offer, at $54.20 per share. A new document filed with the SEC revealed that Musk has agreed to accept funding from numerous investors to secure a deal with Twitter.

Binance, a cryptocurrency platform used to buy, sell and exchange digital currency, was one of the 19 investors named in the SEC filing. The crypto exchange has pledged $500 million towards Musk's buyout of Twitter. Binance was the only non-investment company on the list.

Of all the investors who agreed to help move the deal forward, Larry Ellison (listed as the Lawrence J. Ellison Revocable Trust in SEC filings), the owner of Oracle, pledged the most, offering $1 billion.

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud (Kingdom), was another investor named in the statement. On Thursday, he tweeted that he believes Elon Musk will be an excellent leader for Twitter to develop its huge potential. Prince Alwaleed said he was looking forward to investing ~$1.9 billion in the “new” Twitter to join to its future development. In exchange for his investment, the prince is expected to receive 34,948,975 Twitter shares.

Equity Investor Aggregate Equity Commitment
A.M. Management & Consulting $25,000,000
AH Capital Management, L.L.C. (a16z) $400,000,000
Aliya Capital Partners LLC $360,000,000
BAMCO, Inc. (Baron) $100,000,000
Binance $500,000,000
Brookfield $250,000,000
DFJ Growth IV Partners, LLC $100,000,000
Fidelity Management & Research Company LLC $316,139,386
Honeycomb Asset Management LP $5,000,000
Key Wealth Advisors LLC $30,000,000
Lawrence J. Ellison Revocable Trust $1,000,000,000
Litani Ventures $25,000,000
Qatar Holding LLC $375,000,000
Sequoia Capital Fund, L.P. $800,000,000
Strauss Capital LLC $150,000,000
Tresser Blvd 402 LLC (Cartenna) $8,500,000
VyCapital $700,000,000
Witkoff Capital $100,000,000

 

Equity Investor Aggregate Equity Commitment
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud (Kingdom) 34,948,975 shares

 

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter








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