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Prince Alwaleed bin Talal and Larry Ellison, among the investors that Musk will have to buy Twitter

Elon Musk He confirmed a few days ago that he was going to buy Twitter, for which he will invest part of his fortune, but he is not going to do it alone. To get to complete the amount that he has offered by the company will have investments from various individuals and fundswhose identities have finally been made public by Musk himself, who already plans to become, according to Reuters, the CEO of Twitter when he closes his purchase, at least for a few months.

Among these investors is Saudi Prince Alwaleed bin Talalone of the current shareholders of the company, who until now had not clarified what he was going to do with the 1.89 billion dollars you have in company stock. Especially since when Musk announced his intention to buy Twitter, he opposed the operation, claiming that the amount offered was not even close to the intrinsic value of Twitter.

But it seems that he has changed his mind, and has decided to dedicate the money from his shares to Musk, whom he describes as his “new friend» and the one who assures that it will be «an excellent leader to get Twitter off the ground and maximize its great potential«. Therefore, he points out that both he and Kindgom Holding Company expect “deploy your $1.9 billion investment in the new Twitter» and join Musk in his project.

Prince Alwaleed Bin Talal is the main of the high-level investors that Musk will count on to finance the purchase of Twitter. In total, he has so far secured investments worth $7.14 billion, with Larry Ellison, who will contribute 1,000 million to the operation, and Sequoia Capital among the 19 that will contribute money. In total, Musk will fund $27.25 billion to buy the social network, and he already has $13 billion worth of loan commitments secured.

Among the investors that will participate in the purchase of Twitter is also the cryptoactive firm Binancethe fund of the New York real estate investor Steve WitkoffY DFJ Growth IV Partners. This last fund already has investments in the rest of Musk’s projects: Tesla, SpaceX, The Boring Company and SolarCity.

Musk already confirmed a few days ago that he was negotiating with large investment funds and with relevant people from the world of technology so that they would contribute money to finance the purchase of Twitter and use a smaller part of his personal fortune in the agreement. In addition, he is going to continue negotiating with the current shareholders of Twitter, among which is its former CEO and one of its founders, Jack Dorsey, so that they spend the investment of their shares to finance the purchase.

Photo: Steve Jurvetson

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