On Thursday, Elon Musk announced new financing commitments of $7.1 billion and a takeover of Twitter for $44 billion, with some of the world’s largest investors. Also, he was expected to serve as temporary CEO of Twitter till he served the deal, according to media reports.
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The equity commitments come as the Tesla billionaire marshals capital to bankroll one of the biggest tech industry takeovers. The investors named in the filing on Thursday include crypto exchange Binance, Brookfield Asset Management, Fidelity Management & Research, and Qatar Holding.
Musk has also won the support of fellow entrepreneur and Oracle co-founder Larry Ellison, who has a significant stake in Tesla and a seat on its board. Ellison’s trust has committed $1 billion to finance Musk’s takeover.
Twitter shares rose 3.63 per cent in intraday trade.
