Technology

Details of the investors who helped Elon Musk buy Twitter, including an Arab prince, have emerged

Details of the investors who helped Elon Musk buy Twitter…

New York (Monitoring Desk) Elon Musk, the world’s richest man, acquired the ownership of the microblogging platform ‘Twitter’ last week. Which personality helped him to reach the final end of this deal of 44 billion dollars? In this regard, Bloomberg has stated in a report that Twitter has a long list of investors, including Twitter co-founder and former chief executive officer Jack Dorsey and billionaire Saudi prince Alwaleed bin Talal.

According to the report, Jack Dorsey received shares of Elon Musk’s company X Holdings, which is now the owner of Twitter, in exchange for his share in Twitter. It has been reported that Jack Dorsey’s shares in Twitter were worth 97.8 million dollars. Similarly, Prince Alwaleed bin Talal transferred his $1.9 billion worth of shares to X Holdings at $54.20 per share. With this investment, Prince Alwaleed becomes the second major investor in X Holdings.

Qatar Investment Authority also transferred its shares worth 37.5 million dollars to Elon Musk’s new company. In addition, Elon Musk took a loan from a Wall Street bank and raised money from other sources to finalize the deal to buy the microblogging platform for $44 billion.

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