The founder of Tesla, Elon Muskwill act temporarily as executive director of Twitter, once the purchase of the message exchange platform is closed, for which he will pay 44,000 million dollars, the CNBC channel reported on Thursday.
The chain, which does not identify its sources, assures that the billionaire will run the company for a “few months”.
This information transcends after it was known that several investment funds and other millionaires have committed to contribute 7,000 million dollars of the 21,000 million that the magnate promised to pay out of his own pocket to acquire Twitter.
The investors
Among the tycoons who will support Musk in his new adventure are the Oracle co-founder Larry Ellison, financial firm Sequoia, cryptocurrency exchange Binance, and even a Saudi prince, Al Walid bin Talal, according to a document provided to the United States Securities and Exchange Commission (SEC).
The text states that Ellison is so far the one who will contribute the most, with a total of 1,000 million dollars, followed by Sequoia, who will deliver 800 million.
This money is part of the 21,000 million that Musk promised to pay personally, while the other 23,000 million correspond to bank loans.
On April 29, it was learned that The tycoon sold shares of his electric vehicle company Tesla worth 8,000 million to face the purchase of the message exchange platform.
Two days ago, The Wall Street Journal (WSJ) reported, citing sources familiar with the matter, that Musk plans to sell Twitter in three years.
The WSJ also announced that Musk was in contact with private investment funds to help him pay the 21 billion that he promised to contribute as his own funds to acquire the social network.
The objective of the operation, by which Twitter would stop trading on the stock market, is to convince investors that it can quickly increase the profitability of the social network and make it more attractive.
Musk hasn’t given many concrete clues about what he plans to do with Twitter, beyond the financial aspects, but he has hinted that he wants to reduce what he calls “censorship” on the networkin reference to the moderation policies of hateful or extremist content. (I)
Source: Eluniverso
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