Sequoia, Binance and Fidelity back Elon Musk’s bid for Twitter

Sequoia, Binance and Fidelity back Elon Musk’s bid for Twitter

2 years ago
Anonymous $dy9SWuvIkX

https://techcrunch.com/2022/05/05/sequoia-binance-and-fidelity-back-elon-musks-bid-for-twitter/

A group of 18 investors including Sequoia Capital, crypto exchange Binance and asset management firm Fidelity are backing Elon Musk’s bid for Twitter, the billionaire revealed in a filing Thursday. Musk said he has raised over $7.1 billion in total from the investors. Notably, no investor has put in more than $1 billion and PE firms are still MIA.

Oracle co-founder Larry Ellison delivered the largest check, at $1 billion, the filing revealed. Sequoia has chipped in $800 million, VyCapital $700 million, and Binance financed $500 million, the amended 13D filing said.