Musk Adds Binance, Ellison, Prince Alwaleed And Others To $ 44 Billion Twitter Deal
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Elon Musk has added more than a dozen new individuals and investment firms to his $ 44 billion proposal to buy Twitter, including Oracle founder Larry Ellison, Saudi Prince Alwaleed and Binance, the Chinese crypto exchange.
A new SEC filing shows that Musk has received 7.1 billion from the group in equity commitments. It reduces the financial strain on his fortune. Musk can now use less debt because of these co-investors. This is in addition to the high Tesla stock prices.
Musk continues to work with Jack Dorsey (the Twitter founder and former CEO who is still a member of the board) to discuss possible participation in Musk’s bid. Dorsey has voiced public support for Musk’s takeover even though it may substantially change the company’s direction, a path Dorsey himself had set for it the company as CEO through last November.
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