Elon Musk said that his Twitter purchase had received another $7 billion in funding

According to a Securities and Exchange Commission (SEC) filing filed on Wednesday, Elon Musk has received an additional $7.1 billion in funding for his proposed acquisition of Twitter.

Saudi Arabia's Prince Alwaleed bin Talal, an existing Twitter investor, is one of the backers named in the filing, promising to pledge a total of $1.9 billion in shares to support Musk's proposed takeover.

Larry Ellison and Binance, a cryptocurrency exchange, are among the backers, with the latter promising $500 million.

In a regulatory filing dated April 21, Musk stated that he had already secured $46.5 billion in finance for his takeover effort. Musk's offer to purchase Twitter is worth $44 billion.

Before Twitter accepted Musk's offer on April 14, Prince Alwaleed tweeted that he didn't believe Musk's offer matched Twitter's value.

"How much of Twitter does the Kingdom own?" Musk replied to the tweet. and "How does the Kingdom feel about journalistic freedom of expression?"

Musk has defined himself as a "free speech absolutist" who wants to purchase Twitter because of its "potential to be the global platform for free expression."

Click Here

Follow For More Updates