Elon Musk has bagged $7.14 billion in funding from Oracle billionaire co-founder Larry Ellison, cryptocurrency exchange Binance, and Qatar's sovereign wealth fund, as well as top VC firm Sequioa and others, in his quest to acquire Twitter.
The world's richest man may be worth around $250 billion on paper, but he still needs a little more help from investors to secure enough money to take over the bird-themed microblogging site. The Twitter board last month accepted Musk's offer to take the biz private at $54.20 per share, a $44 billion deal in effect. The SpaceX supremo promised to secure $21 billion himself while the remaining $25.5 billion will be footed by Morgan Stanley, Bank of America, Barclays, and others via debt financing.
Musk sold $8.4 billion of his own Tesla shares last week, causing its share price to temporarily dip by 12 percent. Now, he's cobbled together another $7.1 billion from 18 investors, ranging from VC firms and asset managers to private wealth funds and a cryptocurrency exchange, according to an SEC filing Thursday.