Elon Musk Secures 7Bn In His Twitter Taker Over Bid
The biggest new backing for his purchase since the announcement comes from Oracle’s Larry Ellison, who is contributing a total of $1bn. Venture capital firm Sequoia is providing $800mn, while Dubai-based tech investment firm VyCapital is giving $700mn and Binance is providing $500mn. The new financing commitments will help Musk cut the margin loan he has taken from lenders by half to $6.25bn and increase the equity commitment to $27....