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.
Musk is also in discussions with Twitter co-founder Jack Dorsey on contributing some of his shares toward the acquisition.
Ben Horowitz, a general partner at Andreessen Horowitz, cited the work of Twitter founders Evan Williams and Dorsey as a reason. “We believe in Ev and Jack’s vision to connect the world and we believe in Elon’s brilliance to finally make it what it was meant to be.” Smaller investors include Witkoff Capital, the real estate-backed family office, and Cartenna Capital, a hedge fund set up by Peter Avellone, a former Millennium Management portfolio manager.
With more than 90 million followers on Twitter, Musk is one of the platform’s most prominent and outspoken users. He is known for sometimes cryptic or mysterious tweets, lobbed at all hours of the day, on everything from cryptocurrencies to space travel to whether Twitter should have an edit button.
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