Larry Ellison chips in a cool billion towards Musk’s Twitter takeover

Larry Ellison chips in a cool billion towards Musk’s Twitter takeover

2 years ago
Anonymous $dy9SWuvIkX

https://arstechnica.com/tech-policy/2022/05/larry-ellison-chips-in-a-cool-billion-towards-musks-twitter-takeover/

Elon Musk has raised $7.14 billion of funding for his $44 billion buyout of Twitter, from investors including Oracle co-founder Larry Ellison, crypto exchange Binance and asset management firms Fidelity, Brookfield and Sequoia Capital.

With the new financing commitments, Musk will cut the margin loan he has taken with a group of lenders by half to $6.25 billion and increase the equity portion to $27.25 billion. The remainder of the purchase price will be paid with debt raised from global banks.