Tech titans including Oracle co-founder Larry Ellison have pledged funding, strengthening the equity stake of Musk's buyout.
with commitments of more than $7 billion from a range of investors, including Silicon Valley titans like Oracle co-founder Larry Ellison.
Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged 35 million in Twitter shares in support of Musk, according to the filing. Gaining additional backers could help smooth the road toward completing the purchase, noted Wedbush analyst Dan Ives in a May 5 research note. Musk, the CEO of Tesla and SpaceX, has stated that he wants to take Twitter private and remake it as a forum dedicated to promoting free speech.
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