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Last week, Elon Musk and Twitter announced that they had reached an agreement for the Tesla mogul to take full control of the social network in exchange for $44 million. This is a huge amount of money, even for one of the richest men in the world. This is why Musk looked for partners to finalize the purchase and has already found them.
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What happens is that Elon Musk found a group of investors who are willing to contribute about $7.1 billion to complete the purchase of Twitter. This is an amount that will help reduce the bank loan that he requested to complete the purchase. We remind you that said loans had several of his Tesla shares as collateral.
But who are the investors who put up capital to help Musk? According to a regulatory document, Musk received help from private equity firms such as Andreessen Horowitz. He also received money from Binance, one of the most popular cryptocurrency exchanges in the world.
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And freedom of expression on Twitter, Musk?
However, that is not all, and that is that Musk received help from a couple of funds that are surely controversial. We say this because he also received money from Qatar Holding LLC, a subsidiary of Qatar’s sovereign wealth fund. He also convinced Alwaleed bin Talal, a Saudi prince and businessman, to keep his investment in Twitter.
These last 2 investors have the potential to be a target of criticism for Elon Musk. We say this because the South African tycoon assured that one of his reasons for buying Twitter was to defend freedom of expression, so it is strange that he meets with representatives of countries that are known to do the opposite.
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It remains to be seen what will happen to Twitter once Musk and his fellow investors take control of the social network. The South African millionaire has already assured that several changes are on the way and it seems that he plans different ways to monetize the social network.
what do you think about this news? What do you think it means for the future of Twitter? Tell us in the comments.
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