Dubai-based investment firm VyCapital and Qatar Holding, a subsidiary of the Gulf state’s sovereign wealth fund, among others, have committed to contribute to Elon Musk's buyout of Twitter.
According to a filing on the US Securities and Exchange Commission, the Qatar Investment Authority's subsidiary is contributing $375 million and VyCapital, which specialises in internet related investments, has pledged $700 million to Musk's $44 billion takeover bid.
On Thursday, Musk brought in 18 new investors including Binance, the world's largest cryptocurrency platform; venture capital firm Sequoia; and Oracle CEO Larry Ellison to contribute $7.14 billion to his Twitter deal. Musk is expected to secure the rest of the amount via loans or to dip into his own pocket.
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