Elon Musk has secured $7.14bn (£5.7bn) in funding for his $44bn takeover of Twitter from a group of investors that includes the Oracle co-founder Larry Ellison, the crypto exchange Binance, and the asset management firms Fidelity, Brookfield and Sequoia Capital.
The Saudi Arabian investor Prince Alwaleed bin Talal, who had initially opposed the buyout, also agreed to roll his $1.89bn stake into the deal rather than cashing out, the filing on Thursday showed.
The move comes as Musk’s margin loan was reduced to $6.25bn from $12.5bn announced earlier, according to the filing. Musk’s $21bn financing commitment was also revised to $27.25bn.
