Saudi Prince and Crypto Billionaire Invest in Elon Musk's Vision for Twitter

Saudi Prince and Crypto Billionaire Invest in Elon Musk's Vision for Twitter

2 years ago
Anonymous $dy9SWuvIkX

https://www.vice.com/en_us/article/epxeve/saudi-prince-and-crypto-billionaire-invest-in-elon-musks-vision-for-twitter

Elon Musk has assembled a team of investors including cryptocurrency exchange Binance, Qatar, a Saudi Prince, Web3-heavy venture capital firm a16z, and Sequoia Capital, according to SEC documents filed on Thursday.

The new disclosure lists 18 investors who will pool together more than $7 billion as part of a move by Musk to reduce the amount of loans taken out to finance the $44 billion acquisition of Twitter. The new funding will allow Musk to reduce the size of the initial $12.5 billion in debt financing backed by his Tesla shares to $6.25 billion.

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