Factbox-How is Elon Musk Funding his $44 Billion Offer to Buy Twitter
Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N).
From Oracle Corp’s (ORCL.N) co-founder Larry Ellison, a self-proclaimed close friend of Musk, to Saudi Arabian investor Prince Alwaleed bin Talal, who had earlier rejected the takeover bid, a bunch of investors had thrown their weight behind the offer. read more
Musk on Wednesday pledged an additional $6.25 billion in equity financing, reducing the billionaire’s margin loan against his Tesla Inc (TSLA.O) shares to zero. read more
Here’s how the deal stacks up:
** Musk increased his financing commitment to $33.5 billion, from $27.25 billion – including the $7.14 billion funding announced earlier in May.
** The margin loan from Morgan Stanley tied to his Tesla stock, which stood at $6.25 billion, has now been removed from the financing equation.
** Musk has secured commitments from banks for $13 billion in loans secured against Twitter shares
Following is a list of investors who have together promised about $7 billion in funding, according to a filing on Thursday:
| Equity Investor | Description | Equity Commitment |
| A.M. Management & Consulting | – | $25 million |
| AH Capital Management | VC firm founded by Marc Andreessen and Ben Horowitz | $400 million |
| Aliya Capital Partners | SpaceX investor | $360 million |
| BAMCO | Investment adviser | $100 million |
| Binance | Cryptocurrency firm | $500 million |
| Brookfield | Canadian investment firm with over $690 billion assets under management | $250 million |
| DFJ Growth IV Partners | Tesla, SolarCity, SpaceX and The Boring Company investor | $100 million |
| Fidelity Management & Research Company | Acts as the investment advisor to Fidelity’s family of mutual funds | $316 million |
| Honeycomb Asset Management | Private investment firm led by Chief Investment Officer David Fiszel | $5 million |
| Key Wealth Advisors | $30 million | |
| Lawrence J. Ellison Revocable Trust | Oracle co-founder Larry Ellison’s trust | $1 billion |
| Litani Ventures | Chicago-based VC firm | $25 million |
| Qatar Holding | Investment house founded by Qatar Investment Authority | $375 million |
| Sequoia Capital Fund | Invested in The Boring Company | $800 million |
| Strauss Capital LLC | – | $150 million |
| Tresser Blvd 402 LLC (Cartenna) | – | $8.5 million |
| VyCapital | Invested in The Boring Company | $700 million |
| Witkoff Capital | New York-based real estate tycoon Steven Witkoff’s firm | $100 million |
| Saudi Arabian investor Prince Alwaleed bin Talal | Twitter investor | $1.89 billion (34,948,975 shares) |
(Reuters)