Elon Musk’s $7.1 billion of new financing commitments to help him buy Twitter for $44 billion come from the highest rungs of global finance – and some familiar faces from his other ventures.
Musk, 50, also got hundreds of millions of dollars from Sequoia Capital, a big backer of his Space Exploration Technologies Corp, and Vy Capital, which has previously invested in his Boring Co and Neuralink. Alwaleed has pledged to roll over his nearly 35 million Twitter shares, according to Thursday’s filing, which are worth about $1.9 billion at a price of $54.20 per share.
Source: News Formal (newsformal.com)
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