Elon Musk secures $7B from investors for Twitter buyout
Ellison is contributing $1 billion, making him the biggest new backer, while Sequoia is contributing $800 million. Binance has committed $500 million
By Yashasvini Razdan
Published - May 05, 2022, 05:20 PM ET
Last Updated - Feb 27, 2024, 07:09 AM EST
• Oracle CEO Larry Ellison is the largest investor besides Musk, he contributed $1 billion
Elon Musk’s endeavour to buy Twitter for $44 billion is now being financially supported by a cohort of investors, including Oracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange platform Binance.
A Securities and Exchange Commission (SEC) filing published on Thursday showed that Musk had secured $7.14 billion from the group of investors.
Ellison is contributing $1 billion, making him the biggest new backer, while Sequoia is contributing $800 million. Binance has committed $500 million.
