Elon Musk lists 18 investors who have committed $7bn of equity to help fund his Twitter takeover


Elon Musk lists 18 investors who have committed to stump up $7bn worth of equity to help fund his Twitter takeover including Qatari Holding and NYC real estate investor Witkoff

Elon Musk has listed 18 investors who have committed to collectively stump up more than $7billion worth of equity to help fund his Twitter takeover.

In a filing on Thursday, the world’s richest man said that Oracle Corp co-founder Larry Ellison’s trust will invest $1 billion towards the $44 billion purchase of the social-media platform.

Musk said he had also received equity commitment letters from investors including Sequoia Capital ($800m) and Brookfield ($250m) for financing of $7.14 billion. 

Other investors listed included Qatari Holding ($375m) and NYC real estate investor Steve Witkoff ($100m).

The filing also listed Saudi Arabia’s Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud as having committed 34,948,975 Twitter Inc shares ‘in order to retain an equity investment in Twitter following completion of the Merger,’ the filing said.

The move comes as Musk’s margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, the filing revealed.

Musk will continue to hold talks with existing holders of Twitter, including the company’s former chief Jack Dorsey, to contribute shares to the proposed acquisition, the filing showed.

It was reported last week that Musk was in talks with large investment firms and high net-worth individuals about taking on more financing for his Twitter acquisition and tying up less of his wealth in the deal.

This is a breaking news story. More to follow… 

Elon Musk’s 18 equity investors to help fund his Twitter takeover 

  1. A.M. Management & Consulting – $25,000,000
  2. AH Capital Management, L.L.C. (a16z) – $400,000,000
  3. Aliya Capital Partners LLC – $360,000,000
  4. BAMCO, Inc. (Baron) – $100,000,000
  5. Binance – $500,000,000
  6. Brookfield – $250,000,000
  7. DFJ Growth IV Partners, LLC – $100,000,000
  8. Fidelity Management & Research Company LLC – $316,139,386
  9. Honeycomb Asset Management LP – $5,000,000
  10. Key Wealth Advisors LLC – $30,000,000
  11. Lawrence J. Ellison Revocable Trust – $1,000,000,000
  12. Litani Ventures – $25,000,000
  13. Qatar Holding LLC – $375,000,000
  14. Sequoia Capital Fund, L.P. – $800,000,000
  15. Strauss Capital LLC – $150,000,000
  16. Tresser Blvd 402 LLC (Cartenna) – $8,500,000
  17. VyCapital – $700,000,000
  18. Witkoff Capital – $100,000,000 

Pictured: Elon Musk and his mother Maye Musk arrive for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York

Read more at DailyMail.co.uk