Elon Musk secures $7 billion more funding for Twitter takeover

The businessman obtained funds from Sequoia Capital but also from the Binance cryptocurrency platform.

Elon Musk has obtained the support of other major investors to finance the 44 billion dollars needed to buy the social network Twitter. In a stock market filing released Thursday, the entrepreneur says he secured $7.1 billion in funding, in addition to the $21 billion he had already secured.

Among the firms having put in the pot are Sequoia Capital (800 million dollars), the trust of the co-founder of Oracle Larry Ellison (1 billion dollars), VyCapital (700 million dollars), but also the platform of purchase of Binance cryptocurrency ($500 million).

Elon Musk had so far announced that he would finance from his own funds 25 billion dollars for the takeover of the social network, which led him to sell for 8 billion dollars of Tesla shares. His personal share is therefore now reduced to 18 billion dollars.

SEE ALSO – Elon Musk wants Twitter to be “as broadly inclusive as possible”


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