Elon Musk's Twitter Investors Include Saudi Prince, Jack Dorsey, Qatar

Tuesday, 1 November 2022newsdesk

Elon Musk bought Twitter Inc. last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private company.

New Delhi 01November 2022

As per news report of NDTV, That means Twitter, whose shares were delisted last week after almost a decade as a public company, has a new lineup of top investors. Regulatory filings show the Saudi prince moved almost 35 million Twitter shares through the Kingdom Holding Co., worth about $1.9 billion at the $54.20 per share sale price. That made him the "second-largest investor" in the new parent company. Alwaleed was quick to endorse Musk's plan to acquire Twitter, saying in May that Musk would be "an excellent leader" for the social media company.

Source -NDTV