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Elon Musk Bags $7.1 Billion In New Financing For Twitter

May 05, 2022•about 3 years ago

Amount Raised

$7.1 Billion

San Francisco

Description

Elon Musk has secured about $7.1 billion of new financing commitments, including from billionaire Larry Ellison, a Saudi Prince, and Sequoia Capital, to help fund his proposed $44 billion takeover of Twitter Inc.

Company Information

Company

Elon Musk

Location

San Francisco, California, United States

About

The financing plan comes after Mr Musk made a $43 billion offer to take Twitter private, a bid that the San Francisco-based company has still not responded to.