•Musk increased his financing commitment to $27.25 billion, from $21 billion - including the new $7.14 billion funding announced on Thursday
•He has won the backing of some of the world's wealthiest investors.
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. read more
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:
A.M. Management & Consulting-$25 millionAH Capital
ManagementVC firm founded by Marc Andreessen and Ben Horowitz$400 million
Aliya Capital PartnersSpaceX investor$360 millionBAMCOInvestment adviser$100 million
BinanceCryptocurrency firm$500 millionBrookfieldCanadian investment firm with over $690 billion assets under management$250 million
DFJ Growth IV PartnersTesla, SolarCity, SpaceX and The Boring Company investor$100 million
Fidelity Management & Research CompanyActs as the investment advisor to Fidelity's family of mutual funds$316 million
Honeycomb Asset ManagementPrivate investment firm led by Chief Investment Officer David Fiszel$5 million
Key Wealth Advisors$30 million
Lawrence J. Ellison Revocable TrustOracle co-founder Larry Ellison's trust$1 billion
Litani VenturesChicago-based VC firm$25 million
Qatar HoldingInvestment house founded by Qatar Investment Authority$375 million
Sequoia Capital FundInvested in The Boring Company$800 million
Strauss Capital LLC-$150 million
Tresser Blvd 402 LLC (Cartenna)-$8.5 million
VyCapitalInvested 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 TalalTwitter investor $1.89 billion (34,948,975 shares)