Recently, Elon Musk became one of the partners of the company by purchasing a certain part of Twitter. After this purchase, Musk, who wanted even more, announced that he would buy Twitter for $ 44 billion by doing everything he could.
After this acquisition news, everyone was curious about the details. In the statements made, it was stated that $21 billion of $44 billion would be met from the equity capital of the famous businessman. Commitments have been made for the remaining amount and some means have been taken. Elon Musk found $7.1 billion in support from those who supported him, excluding loans.
Elon Musk received $ 7.1 billion commitment from 19 different investors!
Elon Musk both talked to investors and applied for a loan to buy Twitter. According to the information that emerged, Elon Musk managed to get a commitment of $ 7.1 billion from 19 different investors who could help him with the Twitter purchase. Among these investors are many famous names and companies.
5.2 billion dollars of this support will be made in cash, while 1.9 billion dollars will be made with Twitter shares. The most interesting of these investors is Larry Ellison, a close friend of Elon Musk and co-founder of Oracle. Musk’s close friend committed $1 billion to the famous businessman to buy Twitter.
Another of these investors is Saudi Prince Alwaleed bin Talal. According to the statements made, the Saudi Prince will transfer 35 million shares worth approximately $1.9 billion to Elon Musk instead of cash. Talil said in his statements, “Elon Musk will be an excellent leader for Twitter.” he stated.
Also among the investors is Changpeng Zhao, the founder and CEO of Binance. Zhao committed $500 million to Elon Musk. Other investors include famous investment companies such as Sequoia Capital. So, what are your thoughts? Do you think Elon Musk is right to buy Twitter? You can share your views with us in the comments section or on the SDN Forum.
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