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The Independent UK
The Independent UK
National
Via AP news wire

INSANE: Musk gets 7b backing for twitter bid from tech heavyweights | Rare Historical Photos

Copyright 2020 The Associated Press. All rights reserved.

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.

Other investors include Sequoia Capital Fund, which pledged $800 million, and VyCapital, which pledged $700 million, according to a Thursday filing with the U.S. Securities and Exchange Commission. But Ellison, who is also a and Tesla board member, is making the biggest contribution, pegged at $1 billion.

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