THE Elon Musk is expected to take over as interim CEO of Twitter Inc, for a few months after the completion of the acquisition of the $ 44 billion platform, broadcast the American television network CNBC, citing imgs.
Tesla businessman and CEO has so far secured $ 7.14 billion in funding from a group of investors, including Saudi billionaire Al Walid bin Talal and Oracle Corp. co-founder Larry Ellison, to move forward. of the social networking site.
He also revealed in a letter to the Securities and Exchange Commission (SEC) that he had received letters of commitment from 19 investors, including Sequoia Capital ($ 800 million), Brookfield ($ 500 million), Vy Capital ($ 700 million). .), Qatar Holding and others. It will also continue its contacts with its current shareholders Twitterincluding former head of the company Jack Dorsey, to raise additional funds.
Ellison, who is a member of Tesla’s board, will donate $ 1 billion.
Saudi billionaire investor Prince Alwaleed bin Talal tweeted that Musk would be an “excellent leader” for the platform. “It’s great to be with you, my ‘new’ friend @elonmusk (..) I believe you will be a great leader on Twitter to promote and maximize its potential,” he said, revealing that his company, Kingdom Holding Company, is ready to throw $ 1.9 billion on the “new Twitter” and follow Musk “on this exciting journey”.
Talal will make available to Musk about 35 million of his shares on Twitter, once the market is finalized, to secure his stake in the company, which Musk has said he wants to withdraw from the stock market.
In mid-April, Saudi Arabia rejected Musk’s offer to buy Twitter for $ 54.20 a share, saying the price was too low for the “real value” of the company.
Source: News Beast
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