Elon Musk lists 18 investors who have committed $7bn of equity to help fund his Twitter takeover

Elon Musk lists 18 investors who have committed to stump up $7bn worth of equity to help fund his Twitter takeover including Qatari Holding and NYC real estate investor Witkoff

By Chris Jewers For Mailonline

Published: 11:48 BST, 5 May 2022 | Updated: 12:01 BST, 5 May 2022

Elon Musk has listed 18 investors who have committed to collectively stump up more than $7billion worth of equity to help fund his Twitter takeover.

In a filing on Thursday, the world’s richest man said that Oracle Corp co-founder Larry Ellison’s trust will invest $1 billion towards the $44 billion purchase of the social-media platform.

Musk said he had also received equity commitment letters from investors including Sequoia Capital, Brookfield and others for financing of $7.14 billion. Other investors listed included Qatari Holding and NYC real estate investor Steve Witkoff.

The move comes as Musk’s margin loan was reduced to $6.25 billion from $12.5 billion announced earlier, the filing revealed.

Musk will continue to hold talks with existing holders of Twitter, including the company’s former chief Jack Dorsey, to contribute shares to the proposed acquisition, the filing showed.

It was reported last week that Musk was in talks with large investment firms and high net-worth individuals about taking on more financing for his Twitter acquisition and tying up less of his wealth in the deal.

This is a breaking news story. More to follow…

Elon Musk’s 18 equity investors to help fund his Twitter takeover

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

Pictured: Elon Musk and his mother Maye Musk arrive for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York

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