A group of nearly two dozen investors, including Sequoia Capital, are in support of Musk's bid to acquire Twitter. In a filing Thursday, the chief executive said he had raised over $7.1 billion from investors.
The largest check was delivered by Larry Ellison. The amended 13D filing said that Sequoia, VyCapital, and Binance had invested in the company. No investor has put in more than $1 billion.
Musk revealed that he is trying to get more funds from some of his existing shareholders.
The disclosure said that Prince Al Waleed bin Talal Al Saud of Saudi Arabia would provide nearly 35 million shares to retain a stake in the company.
The margin loan that Musk received from Morgan Stanley and other banks has been reduced to $6.25 billion, he said.
This is not a finished story. More to come.
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