Elon Musk raised $7.14 billion in funding from a group of investors that includes Oracle Corp co-founder Larry Ellison and Sequoia Capital to finance its $44 billion purchase of Twitter, according to a document filed Thursday, Reuters reported.
The investor from Saudi Arabia is Prince Alwaleed bin Talal, who had initially opposed the purchase, but finally agreed to participate with 1.89 billion to finance Twitter.
Qatar Holding and Vy Capital, based in Dubai, Investors in Musk’s other company, The Boring Company, are also part of the group of investors.
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Larry Ellison, member of the Tesla board of directors and self-described close friend of Elon Musk, has pledged $1 billion for financing.
Why you need investors for Twitter Elon Musk
The search for investors is due to the fact that the loan granted to Musk for the purchase of Twitter dropped from the previously announced 12.5 billion to 6.25 billion.
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Musk said he will continue to hold talks with existing Twitter shareholders, including the company’s former chief, Jack Dorsey, to contribute stock to the proposed acquisition.
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Since last week it became known that Musk was looking for investors to finance his acquisition of Twitter and contribute a smaller amount of his capital to the agreement. Below is the list of investors who will contribute more than 7 billion dollars to Twitter.
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- Larry Ellison: $1 billion
- Prince Alwaleed bin Talal: $1.89 billion
- Sequoia Capital: $800 million
- Vy Capital: $700 million
- Cryptocurrency exchange Binance: $500 million
- AH Capital Management: 400 million
- Qatar Holding: $375 million
- Fidelity: $316 million
- Brookfield: 250 million
- Witkoff Capital: 100 million