Elon Musk sold at least another $3.95 billion worth of shares in his electric car company Tesla after closing his $44 billion acquisition of Twitter.
Musk sold 19.5 million more shares of Tesla.
In addition to pouring billions of his own capital into taking Twitter private, Musk relied on partners, including equity investors Binance, Ron Baron’s BAMCO, Andreessen Horowitz, Twitter’s former CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to finance the deal, or to roll their existing shares into his holding company for Twitter.implications of Saudi Arabia’s stake in Twitter following Musk’s take-private deal.
At the time, Musk was still battling Twitter in court to try to get out of the deal — which he proposed and agreed to in April.to Twitter to assist him with code review and other work.
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