The billionaire raised over $7 billion from various investors. The Lawrence J. Ellison Revocable Trust made the largest contribution with $1 billion and Sequoia Capital with $800 million.
Binance, the largest crypto exchange in terms of trading volume, has allocated $ 500 million to finance the purchase of the social network Twitter by billionaire Elon Musk. The businessman indicated the relevant information in a report for the US Securities and Exchange Commission (SEC).
In total, Musk has raised $7.1 billion from a group of “equity investors.” The Lawrence J. Ellison Revocable Trust is the largest investor at $1 billion. Second is Sequoia Capital, which will invest $800 million.
Saudi Arabia's Prince Al-Waleed bin Talal Al Saud will also take part in the deal. He will invest nearly 35 million Twitter shares. With Musk's proposed price per share of $54.2, the package is valued at approximately $1.9 billion.
On April 25, Musk entered into a definitive agreement to acquire the social network Twitter for $44 billion. After the deal closes, it will become a private company. Under the terms of the agreement, shareholders of the social network will receive $54.20 per ordinary share.
In the intertwining of bright yellow pipes emerging from the ground, Russian gas is transported in abundance but Bulgaria, sanctioned by Moscow for having refused to pay in rubles, is now prohibited from touching it.