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By CNBCTV18.com Oct 28, 2022 11:39:07 AM IST (Updated)
Elon Musk has bought Twitter and has already taken some key decisions. A number of equity investors such as Sequoia Capital, Binance, and Qatar Investment Authority have committed to help the billionaire fund his $44 billion acquisition of Twitter Inc. Here's a look at the financial institutions that are lending money to the world's richest man to buyout Twitter
Elon Musk is the new Twitter boss who has already taken some key decisions. Before the completion of his $44 billion acquisition. Musk had informed his co-investors in the Twitter deal that he planned to close the buyout of the social media platform by October 28.
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A number of equity investors such as Sequoia Capital, Binance, and Qatar Investment Authority that controls Qatar's sovereign wealth fund, Qatar Holding, have committed to help the billionaire fund his $44 billion acquisition of Twitter Inc. They have received paperwork for financing the acquisition from Musk's lawyers, Reuters reported quoting a source.
Musk had pledged to acquire Twitter for $46.5 billion through a mix of equity and debt financing. The total covers the $44 billion acquisition price tag and closing costs.