Binance has pledged $500 million to fund a deal to take over the social network Twitter, which was initiated by Musk. Such information billionaire shared in application for the US Securities and Exchange Commission (SEC).
According to the report, Musk raised $7.14 billion from equity investors. The largest check ($1 billion) was written by The Lawrence J. Ellison Revocable Trust. In second place is Sequoia Capital, which allocated $800 million.
Saudi Prince Alwaleed bin Talal Al Saud, who is already a shareholder of Twitter, is investing 35 million shares in the company. At the price offered by Musk ($54.2 per share), his stake is estimated at ~$1.9 billion.
Recall that it was Musk who became the largest shareholder of Twitter after acquisitions of 9.2% of shares for $2.89 billion.
