Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N).
From Oracle Corp’s (ORCL.N) 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 (TSLA.O) stock stands at $6.25 billion, down from $12.5 billion announced on April 21
** 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:
|
Equity Investor
|
Description
|
Equity Commitment
|
|
A.M. Management & Consulting
|
–
|
$25 million
|
|
AH Capital Management
|
VC firm founded by Marc Andreessen and Ben Horowitz
|
$400 million
|
|
Aliya Capital Partners
|
SpaceX investor
|
$360 million
|
|
BAMCO
|
Investment adviser
|
$100 million
|
|
Binance
|
Cryptocurrency firm
|
$500 million
|
|
Brookfield
|
Canadian investment firm with over $690 billion assets under management
|
$250 million
|
|
DFJ Growth IV Partners
|
Tesla, SolarCity, SpaceX and The Boring Company investor
|
$100 million
|
|
Fidelity Management & Research Company
|
Acts as the investment advisor to Fidelity’s family of mutual funds
|
$316 million
|
|
Honeycomb Asset Management
|
Private investment firm led by Chief Investment Officer David Fiszel
|
$5 million
|
|
Key Wealth Advisors
|
$30 million
|
|
|
Lawrence J. Ellison Revocable Trust
|
Oracle co-founder Larry Ellison’s trust
|
$1 billion
|
|
Litani Ventures
|
Chicago-based VC firm
|
$25 million
|
|
Qatar Holding
|
Investment house founded by Qatar Investment Authority
|
$375 million
|
|
Sequoia Capital Fund
|
Invested in The Boring Company
|
$800 million
|
|
Strauss Capital LLC
|
–
|
$150 million
|
|
Tresser Blvd 402 LLC (Cartenna)
|
–
|
$8.5 million
|
|
VyCapital
|
Invested in The Boring Company
|
$700 million
|
|
Witkoff Capital
|
New York-based real estate tycoon Steven Witkoff’s firm
|
$100 million
|
|
Saudi Arabian investor Prince Alwaleed bin Talal
|
Twitter investor
|
$1.89 billion (34,948,975 shares)
|
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