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Investors Giving $7B More to Elon Musk for Twitter Takeover

Furthermore, the entrepreneur is reportedly discussing with Twitter founder Jack Dorsey regarding sticking around as part owner.

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A couple of weeks ago, Elon Musk made headlines as his takeover of Twitter became official. The Tesla CEO purchased the social media company for $44-billion, and now Deadline reports the group of investors ready to help Musk. 

The report states that the investors will provide about $7.14 billion in financing commitments for Musk’s acquisition of Twitter. Furthermore, the entrepreneur is reportedly discussing with Twitter founder Jack Dorsey regarding sticking around as part owner.

Along with Dorsey, Musk is also having ongoing talks with other Twitter stockholders about the possibility of their contributing shares of common stock to retain an equity investment following the merger.

The 18 investors have pivoted the complexion of Musk’s initial financing, which included a debt commitment letter from Morgan Stanley and other senior organizations for an aggregate total of $12.5 billion in margin loans.

The billionaire had originally raised $21 billion to finance his proposal, with the deal expected to close this year.

Here’s the list of investors/equity commitments include:

A.M. Management & Consulting $25,000,000

AH Capital Management, L.L.C. (a16z) $400,000,000

Aliya Capital Partners LLC $360,000,000

BAMCO, Inc. (Baron) $100,000,000

Binance $500,000,000

Brookfield $250,000,000

DFJ Growth IV Partners, LLC $100,000,000

Fidelity Management & Research Company LLC $316,139,386

Honeycomb Asset Management LP $5,000,000

Key Wealth Advisors LLC $30,000,000

Lawrence J. Ellison Revocable Trust $1,000,000,000

Litani Ventures $25,000,000

Qatar Holding LLC $375,000,000

Sequoia Capital Fund, L.P. $800,000,000

Strauss Capital LLC $150,000,000

Tresser Blvd 402 LLC (Cartenna) $8,500,000

VyCapital $700,000,000

Witkoff Capital $100,000,000

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Lulu Garcia-Navarro to Host Opinion Podcast for NY Times

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release. 

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New York Times

The New York Times will have a new opinion podcast coming out soon called “First Person.” The company announced that Peabody Award-winning journalist Lulu Garcia-Navarro will host this new show beginning June 9th. 

“When a lot of us hear the word “opinion” we think of hot takes — points of view in reaction to the news. But what about the experiences that shape our opinions?” The Times said in a press release

“That’s the question we’re exploring in “First Person,” a new podcast from New York Times Opinion with Lulu Garcia-Navarro. In each episode, Lulu sits down with people living through the headlines for intimate and surprising conversations that help us make sense of our complicated world.”

Garcia-Navarro will bring plenty of experience to her new podcast as a two-time Peabody Award-winning journalist with years of interviewing world leaders, authors, artists, and people living on the front lines of a changing world.

“This show is a new way of understanding where people’s opinions come from. It’s urgent and intimate and takes someone who is living through something incredible and asks them how they came to believe what they believe,” Garcia-Navarro said per Radio Ink

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Twitter Will Not Renegotiate Original Offer with Elon Musk

Twitter doesn’t plan on backing down from the agreement even as Musk attempts to cast doubt about the number of fake accounts on the platform. 

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Twitter is playing hardball with Elon Musk, who initially agreed to buy the social media platform for $44-billion. During a town hall meeting, executives of the company told staffers they would not renegotiate the price of his takeover agreement, per The Daily Beast

Furthermore, Twitter doesn’t plan on backing down from the agreement even as Musk attempts to cast doubt about the number of fake accounts on the platform. 

Nonetheless, earlier this week, the company stated that they had plans to “close the transaction and enforce the merger agreement” between the Telsa CEO and the social media giant. 

The terms of the buyout contract will make it hard for him to evade the deal with Twitter. It contains a $1 billion breakup fee, and the company could sue to compel Musk to follow through on the transaction.

Last week, the entrepreneur tweeted that he was placing the deal on hold until Twitter could verify that spam and fake accounts do not comprise more than 5 percent of its users. 

Musk stated that he was dedicated to purchasing the company and indicated that he was open to a deal at a lower price.

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Donald Trump Accuses Google of Trying to Ruin TRUTH Social

Truth Social was developed by Trump Media and Technology Group (TMTG) and is headed by former congressman Devin Nunes.

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Former President Donald Trump is not happy with Google. According to Rolling Stone, Trump believes that the tech giant is trying to ruin his new social media platform, TRUTH Social. The platform is currently not available to Android users which have drawn the ire of Trump.

“One person whom the outlet did not identify claimed to have discussed TRUTH Social’s unavailability for Android users with Trump,” the magazine wrote. “The person said he has also asked questions such as, “What’s up with Google?” and, “[is Google trying to] screw with me?”

Truth Social was developed by Trump Media and Technology Group (TMTG) and is headed by former congressman Devin Nunes.

Trump reportedly believes that Google and YouTube are out to get him. “This has left Trump with questions about the status of the product and whether his perceived enemies at Google had any plans to reject it,” the report said.

“Is Google trying to f**k me?” Trump asked.

Big Tech banned Trump from Twitter, Facebook, Instagram, and Snapchat following the Jan. 6 riots. 

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