Oracle’s co-founder Larry Ellison, the cryptocurrency exchange Binance or the investment companies Fidelity, Brookfield and Sequoia Capital, among others, promised the money to Musk. Saudi Prince Walid bin Talal, who has already invested in Twitter, has promised to invest almost 35 million shares to keep the stake in the company. Musk has previously stated that he is negotiating with current shareholders, including company founder Jack Dorsey.
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Thanks to the obtained investment promises, Musk can reduce the so-called margin loan, which it obtained for the purchase of Twitter, from 12.5 billion to 6.25 billion dollars. In addition to the loan, the acquisition will finance $ 27.25 billion in shares and cash.
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The richest man on the planet signed an agreement to buy Twitter for 44 billion dollars (over a trillion crowns) last month, but now it has yet to be approved by social network shareholders. If that happens, Musk is likely to be the new head of Twitter, according to earlier statements.
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Musk also said he planned to list Twitter socially on the stock exchange three years after it was bought.
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Elon Musk
Photo: Susan Walsh, CTK / AP
Paid version of Twitter
At the same time, the American businessman flirts with the idea that he would charge this social network for some users. “Twitter will always be free for ordinary users, but there may be a modest cost for commercial or government users,” the American visionary said on Twitter.
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He found that companies, authorities, organizations and governments routinely use free Twitter for their campaigns to gain the favor of users. According to Musk’s statement, they should therefore pay for their space on the network.
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At present, this works by companies paying exclusively for the advertising they place on Twitter. But they no longer pay for their profiles, where they can publish any contributions – even with an advertising character. But that is exactly what could change in the near future.
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