Elon Musk secures $7.14B from Larry Ellison, others to buy Twitter

  • 📰 nypost
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

United States Headlines News

United States Latest News,United States Headlines

Elon Musk has secured $7.14 billion in funding from a coterie of investors including Oracle’s co-founder Larry Ellison to fund his $44 billion purchase of Twitter. Musk, the world’s ric…

Musk, the world’s richest person with a net worth valued by Forbes at $265.4 billion, also received equity commitment letters from investors such as Sequoia Capital, Brookfield, Qatar Holding, and others, according to securities filings.

One source close to the talks declined to name the firms, but Musk’s past investors have included Sequoia Capital, D1 Capital Partners and Valor Equity Partners. Oracle co-founder Larry Ellison is among the investors that is helping Musk in his takeover bid, filings show.“He has more than $10 billion of committed equity,” one source close to the situation told The Post.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Larry Ellison, crypto exchange Binance back Elon Musk's $44 billion bid to buy TwitterOracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange Binance are among the investors that plan to support Elon Musk's Twitter bid. Well now ya know-- what ya know-- Call me crazy, but a bunch of egomaniacal rich white guys owning a platform for 'everyman's' public discourse is basically akin to what the US Congress has become Well I'm fighting a 14 year old Service Connected claim. The VA doesn't want to pay me from 1977 forward. Also it would seem the VA doesn't like it when you add Sexual Assault in your claim as well. PTSD among other's. Plus the State I'm in is counting my Service pay as income.
Source: CNBC - 🏆 12. / 72 Read more »

Elon Musk suggests 'slight cost' for Twitter's commercial and government usersElon Musk said that under his ownership, Twitter Inc. may charge 'a slight cost' for commercial and government accounts. Fair stop retweet stories. we already read the tweet. your content is banal I hope he charges DHS Disinformation Governance Board $100 million per hour and per post.
Source: MarketWatch - 🏆 3. / 97 Read more »

Elon Musk reveals who might have to pay to use Twitter | Digital TrendsAs prospective Twitter owner ElonMusk prepares to take the microblogging service in a new direction, users are keen to know what he plans to do with it. We pay for other way less useful crap… So why not pay for Twitter? 🤔
Source: DigitalTrends - 🏆 95. / 65 Read more »

Elon Musk changes Twitter profile picture to Bored Ape collageThe billionaire Tesla CEO appeared to change his Twitter avatar to a collage of multiple Bored Ape images. apecoin ape 1000x I thought he hated nft hahah And apecoin is now powered by 0xPolygon $Matic
Source: TheBlock__ - 🏆 464. / 53 Read more »

Elon Musk Invited to Discuss $44 Billion Twitter Deal in UK ParliamentU.K. lawmaker Julian Knight sent Musk a letter requesting that he appear in Parliament to discuss his proposal to buy Twitter. GOOD FOR HIM!
Source: NBCDFW - 🏆 288. / 63 Read more »

The UK is inviting Elon Musk to discuss his plans for Twitter | EngadgetUK's MPs have sent Musk an invitation to talk, but he isn't legally required to attend.. You may see more ads in here in the future. When does he take over it ?
Source: engadget - 🏆 276. / 63 Read more »