Tech

Elon Musk said he secured another $7bn backing for his Twitter deal — including from a Saudi prince

Business Insider US
Elon Musk. REUTERS/Andrew Kelly
Elon Musk. REUTERS/Andrew Kelly

  • Elon Musk says he has another $7.1 billion in his war chest to acquire Twitter.
  • Binance is also listed as backers.
  • For more stories go to www.BusinessInsider.co.za.

Elon Musk has secured a further $7.1 billion in backing for his proposed acquisition of Twitter, a Securities and Exchange Commission (SEC) document filed on Wednesday shows

Among the backers listed on the filing are Saudi Arabia's Prince Alwaleed Bin Talal, a current Twitter investor, who promised to commit a total of $1.9 billion worth of shares to back Musk's proposed buyout.

Larry Ellison and cryptocurrency exchange Binance are also listed as backers, the latter having promised $500 million.

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