Abstract:(Reuters) – Elon Musk has won the backing of some of the worlds wealthiest investors for his $44 billion takeover of Twitter Inc.
div classBodysc17zpet90 cdBBJodivpReuters – Elon Musk has won the backing of some of the worlds wealthiest investors for his 44 billion takeover of Twitter Inc.p
pFrom Oracle Corps cofounder Larry Ellison, a selfproclaimed 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.pdivdivdiv classBodysc17zpet90 cdBBJodiv
pHeres how the deal stacks up:p
p Musk increased his financing commitment to 27.25 billion, from 21 billion – including the new 7.14 billion funding announced on Thursday p
p The margin loan from Morgan Stanley tied to his Tesla stock stands at 6.25 billion, down from 12.5 billion announced on April 21p
p Musk has secured commitments from banks for 13 billion in loans secured against Twitter sharesp
pFollowing is a list of investors who have together promised about 7 billion in funding, according to a filing on Thursday: p
p Equity Description Equity p
p Investor Commitment p
p
pp A.M. Management & – 25 million p
p Consulting p
p AH Capital Management VC firm founded by Marc 400 million p
p Andreessen and Ben Horowitz p
p Aliya Capital SpaceX investor 360 million p
p Partners p
p BAMCO Investment adviser 100 million p
p Binance Cryptocurrency firm 500 million p
p Brookfield Canadian investment firm 250 million p
p with over 690 billion p
p assets under management p
p DFJ Growth IV Tesla, SolarCity, SpaceX 100 million p
p Partners and The Boring Company p
p investor p
p Fidelity Management & Acts as the investment 316 million p
p Research Company advisor to Fidelitys p
p family of mutual funds p
p Honeycomb Asset Private investment firm led 5 million p
p Management by Chief Investment Officer p
p David Fiszel p
p Key Wealth Advisors 30 million p
p Lawrence J. Ellison Oracle cofounder Larry 1 billion p
p Revocable Trust Ellisons trust p
p Litani Ventures Chicagobased VC firm 25 million p
p Qatar Holding Investment house founded by 375 million p
p Qatar Investment Authority p
p Sequoia Capital Fund Invested in The Boring 800 million p
p Company p
p Strauss Capital LLC – 150 million p
p Tresser Blvd 402 LLC – 8.5 million p
p Cartenna p
p VyCapital Invested in The Boring 700 million p
p Company p
p Witkoff Capital New Yorkbased 100 million p
p real estate tycoon Steven p
p Witkoffs firm p
p
pp Saudi Arabian Twitter investor 1.89 billion 34,948,975 p
p investor Prince shares p
p Alwaleed bin Talal p
p
pp Reporting by Akash Sriram, Sweta Singh, Nivedita Balu and Uday Sampath in Bengaluru Editing by Sriraj Kalluvilap
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