Larry Ellison Pumps $1B Into Musk’s Twitter Buyout

Axios reports:

Elon Musk just reported some new friends — equity partners for his Twitter takeover, including some of the biggest names in Silicon Valley. Musk has raised $7 billion in funding for his $44 billion purchase of Twitter, according to a filing released by the Securities and Exchange Commission on Wednesday.

Musk said in the filing that he has secured new investments from investors including Oracle co-founder Larry Ellison, Sequoia Capital, Brookfield and Fidelity, among others. Musk’s acquisition is being covered as if it were a fait accompli. But it still could fall through. The only $1 billion check comes from Larry Ellison.

Read the full article.

As you may recall, Ellison hosted Trump fundraisers and pushed Trump on a fake COVID treatment.

Oracle Corp co-founder Larry Ellison’s trust will invest $1 billion to fund Elon Musk’s $44 billion purchase of social-media platform Twitter Inc. https://t.co/7C5q72k4kQ pic.twitter.com/XjC4euodHq

— Newsmax (@newsmax) May 5, 2022

NEWS@elonmusk isn’t buying Twitter without some partners.

In a document filed with the SEC, he reveals the following entities have made over $7 billion in equity commitments.

This includes $1 billion from Larry Ellison and $375 million from Qatar’s sovereign wealth fund. pic.twitter.com/g3zRQRMbGQ

— Yashar Ali ? (@yashar) May 5, 2022

Elon Musk has raised $7.14bn of funding for his $44bn offer to buy Twitter from investors who include:

— Saudi Prince Alwaleed Bin Talal – $1.9bn (Shares)

— Oracle co-founder Larry Ellison – $1bn

— Binance – $500mn.

— VyCapital – $700mn

:FT

— Moe (@moneyacademyKE) May 5, 2022