The billionaire cited funding-related information in his U.S. Securities and Exchange Commission filing. It is reported that a total of 19 investors, who will give a total of 7.1 billion dollars, participated.
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- Biggest slice of $1 billion sent by company Lawrence J. Ellison Revocable Trust. Behind him is Larry Ellison, co-founder of Oracle, an American company that is the world’s largest software developer for enterprises.
- Investment company placed second in investments Sequoia CapitalHe allocated $800 million. It is a venture capital management firm headquartered in Menlo Park, California, United States. He specializes in financing companies in the technology sector.
- gave 700 million capital, an investment firm specializing in technology, businesses that can only, in their view, have a significant impact on humanity.
- cryptocurrency exchange Binance has set aside $500 million to fund a deal to take over the social network Twitter. It is one of the five largest investors.
Only new investors are included in the list submitted to the US Securities and Exchange Commission. A separate article mentions Saudi Arabian Prince Al-Walid ibn Talal Al Saud, who is the shareholder of Twitter, and instead of receiving monetary compensation for the securities, he will invest only 35 million of his shares in the company. At the price offered by Mask ($54.2 per piece), his package is worth about $1.9 billion.
According to CNBC sources, after closing the deal with Twitter, Musk will be the company’s interim CEO for a few months. From November 2021, the social network was managed by Parag Agraval, who replaced the founder Jack Dorsey. It is unclear whether the current director will return to his post later. Maybe Musk will want to transfer the leadership to someone else, because the billionaire was under Dorsa and Agraval, where he was unhappy with the direction of the company.
Source: 24 Tv
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.