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MUSK GETS $7B BACKING FOR TWITTER BID FROM TECH HEAVYWEIGHTS
Techlife News
|May 07, 2022
Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
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The Thursday filing also said that Musk is in ongoing talks with other parties including former Twitter CEO Jack Dorsey, who is the second-largest individual stakeholder in the company after Musk.
Other investors include Sequoia Capital Fund, which pledged $800 million, and VyCapital, which pledged $700 million, according to a Thursday filing with the U.S. Securities and Exchange Commission. But Ellison, who is also a and Tesla board member, is making the biggest contribution, pegged at $1 billion.
Dit verhaal komt uit de May 07, 2022-editie van Techlife News.
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