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Elon Musk said he secured another $7B backing for his Twitter deal
- mzs 4y agohttps://www.sec.gov/Archives/edgar/data/1418091/000110465922056055/tm2214608-1_sc13da.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922... >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.
- jleyank 4y agoHow are all of these investors going to get a return on their investment over the next 2-5 years and (possibly) recover their funding?
- spikels 4y agoTwitter has been very poorly run. They will enhance business mostly by improving the service (features, etc), reworking the business model (subscriptions, payments, etc) and cut it’s ridiculously bloated budget. In a few years it will be clear to everyone if they have succeeded and they can go public again. Classic leverage buyout strategy.