Elon Musk, the world’s top millionaire, is buying Twitter. The cost is 4 billion 400 million dollars. He is choosing various strategies to raise this huge amount of funds. Twitter has persuaded 19 investors to pay for the purchase.
According to the BBC, the 19 investors have agreed to pay ৭ 1.10 billion to fund the purchase of Twitter. Among them is Larry Ellison, co-founder of technology company Oracle. He is giving a maximum of 1 billion dollars.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Elon Musk is the CEO of Tesla. He has sold 6.5 billion worth of shares in the last few weeks. The money is expected to be used to buy Twitter. Besides, he has taken a loan of 1,300 crore dollars from the bank. He is also taking loans against various properties of Tesla to raise money.
Elon Musk will rein in the salaries of Twitter managers
Among the 19 investors to buy Twitter are Sequoia Capital, Binance, Fidelity, VY Capital and Qatar Holdings. There is also Prince Al Walid bin Talat of Saudi Arabia. However, he is not giving new money. Instead, he promised on Twitter that he would not take away the 1.9 billion shares he owned.
Meanwhile, Twitter’s share price has risen after news of new investments surfaced. Even so, owning one is still beyond the reach of the average person. Musk is buying Twitter at মিক 54.20 per share.
