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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About the Author
Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
