finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

Elon Musk Secures $7.1 Billion For Twitter Deal

According to a securities filing on Thursday, multibillionaire Elon Musk has raised $7.1 billion for his acquisition of social media giant Twitter. Investors reportedly include Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

Posted: 5th May 2022 by Finance Monthly
Share this article

According to the filing, Musk listed 18 investors who agreed to cash investments. Amongst them are Ellison who agreed to $1 billion, Sequoia Capital who agreed to $800 million, and Vy Capital who agreed to $700 million. Meanwhile, Saudi Prince Alwaleed bin Talal agreed to contribute approximately 35 million Twitter shares worth $1.9 billion to retain a stake in the platform post-acquisition.

The investments will see a $12.5 billion margin loan organised through Morgan Stanley and other banks to $6.25 billion. The investments also mean that fewer of Musk’s Tesla shares will be used as collateral under the loan.

Musk’s takeover of Twitter is expected to be completed by the end of this year.

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram