How is Elon Musk funding his $44B offer to buy Twitter
Elon Musk has won the backing of some of the world's wealthiest investors for his $44 billion takeover of Twitter Inc.
From Oracle Corp's co-founder Larry Ellison, a self-proclaimed close friend of Musk, to Saudi Arabian investor Prince Alwaleed bin Talal, who had earlier rejected the takeover bid, a bunch of investors have now thrown their weight behind the offer.
Here's how the deal stacks up:
Keep updated, follow The Business Standard's Google news channel
** Musk increased his financing commitment to $27.25 billion, from $21 billion - including the new $7.14 billion funding announced on Thursday
** The margin loan from Morgan Stanley tied to his Tesla stock stands at $6.25 billion, down from $12.5 billion announced on 21 April
** Musk has secured commitments from banks for $13 billion in loans secured against Twitter shares
Following is a list of investors who have together promised about $7 billion in funding, according to a filing on Thursday:
