(Reuters) -Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc.
From Oracle Corp’s 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 had thrown their weight behind the offer.
Musk on Wednesday pledged an additional $6.25 billion in equity financing, reducing the billionaire’s margin loan against his Tesla Inc shares to zero.
Here’s how the deal stacks up:
** Musk increased his financing commitment to $33.5 billion, from $27.25 billion – including the $7.14 billion funding announced earlier in May.
** The margin loan from Morgan Stanley tied to his Tesla stock, which stood at $6.25 billion, has now been removed from the financing equation.
** Musk has secured commitments from banks for $13 billion in loans secured against Twitter shares
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Following is a list of investors who have together promised about $7 billion in funding, according to a filing on Thursday:
Equity Investor Description Equity Commitment
A.M. Management & – $25 million
Consulting
AH Capital Management VC firm founded by Marc $400 million
Andreessen and Ben Horowitz
Aliya Capital SpaceX investor $360 million
Partners
BAMCO Investment adviser $100 million
Binance Cryptocurrency firm $500 million
Brookfield Canadian investment firm $250 million
with over $690 billion
assets under management
DFJ Growth IV Tesla, SolarCity, SpaceX $100 million
Partners and The Boring Company
investor
Fidelity Management & Acts as the investment $316 million
Research Company advisor to Fidelity’s
family of mutual funds
Honeycomb Asset Private investment firm led $5 million
Management by Chief Investment Officer
David Fiszel
Key Wealth Advisors $30 million
Lawrence J. Ellison Oracle co-founder Larry $1 billion
Revocable Trust Ellison’s trust
Litani Ventures Chicago-based VC firm $25 million
Qatar Holding Investment house founded by $375 million
Qatar Investment Authority
Sequoia Capital Fund Invested in The Boring $800 million
Company
Strauss Capital LLC – $150 million
Tresser Blvd 402 LLC – $8.5 million
(Cartenna)
VyCapital Invested in The Boring $700 million
Company
Witkoff Capital New York-based real estate $100 million
tycoon Steven Witkoff’s
firm
Saudi Arabian Twitter investor $1.89 billion (34,948,975
investor Prince shares)
Alwaleed bin Talal
How Elon Musk plans to fund his Twitter dealhttps://tmsnrt.rs/3MVjG3Mimage/pnggraphics:graphic:1https://graphics.reuters.com/MUSK-TWITTER/zgvomlewlvd/chart.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GXID:zgvomlewlvdHow Elon Musk plans to fund his Twitter dealhttps://tmsnrt.rs/3OZyRLutext/htmlgraphics:graphic:1https://graphics.reuters.com/MUSK-TWITTER/gdpzyaerbvw/index.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GXID:gdpzyaerbvw
(Reporting by Akash Sriram, Sweta Singh, Nivedita Balu and Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)
