How is Elon Musk funding his $44B offer to buy Twitter

Analysis

Reuters
05 May, 2022, 11:50 pm
Last modified: 05 May, 2022, 11:52 pm

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:

** 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:

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