A couple of weeks ago, Elon Musk made headlines as his takeover of Twitter became official. The Tesla CEO purchased the social media company for $44-billion, and now Deadline reports the group of investors ready to help Musk.
The report states that the investors will provide about $7.14 billion in financing commitments for Musk’s acquisition of Twitter. Furthermore, the entrepreneur is reportedly discussing with Twitter founder Jack Dorsey regarding sticking around as part owner.
Along with Dorsey, Musk is also having ongoing talks with other Twitter stockholders about the possibility of their contributing shares of common stock to retain an equity investment following the merger.
The 18 investors have pivoted the complexion of Musk’s initial financing, which included a debt commitment letter from Morgan Stanley and other senior organizations for an aggregate total of $12.5 billion in margin loans.
The billionaire had originally raised $21 billion to finance his proposal, with the deal expected to close this year.
Here’s the list of investors/equity commitments include:
A.M. Management & Consulting $25,000,000
AH Capital Management, L.L.C. (a16z) $400,000,000
Aliya Capital Partners LLC $360,000,000
BAMCO, Inc. (Baron) $100,000,000
Binance $500,000,000
Brookfield $250,000,000
DFJ Growth IV Partners, LLC $100,000,000
Fidelity Management & Research Company LLC $316,139,386
Honeycomb Asset Management LP $5,000,000
Key Wealth Advisors LLC $30,000,000
Lawrence J. Ellison Revocable Trust $1,000,000,000
Litani Ventures $25,000,000
Qatar Holding LLC $375,000,000
Sequoia Capital Fund, L.P. $800,000,000
Strauss Capital LLC $150,000,000
Tresser Blvd 402 LLC (Cartenna) $8,500,000
VyCapital $700,000,000
Witkoff Capital $100,000,000
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
