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.
MUSK GETS $7B BACKING FOR TWITTER BID FROM TECH HEAVYWEIGHTS

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.

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