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Court Unseals Investors in Elon Musk's $44bn X Corp Deal, Revealing Major Names

3 weeks ago

Court Unseals Investors in Elon Musk's $44bn X Corp Deal, Revealing Major Names
X. Today.

7 Highlights

  • A court unsealed on August 22 the investor list for Elon Musk's $44bn takeover of Twitter.
  • Investors include the disgraced Sean 'Diddy' Combs, Jack Dorsey, and Saudi Prince Al Waleed bin Talal Al Saud.
    • Venture capital firms like Andreessen Horowitz and Fidelity Investments were major backers.
    • Elon Musk secured about $30bn from private investors for the acquisition of Twitter, now X Corp.
    • A federal judge ordered the disclosure after a lawsuit by former Twitter employees and a motion by the Reporters Committee for Freedom of the Press.
    • Disclosed names reveal Musk's continued links with controversial global entities.
    • X Corp has faced declining ad revenue and lawsuits since Musk's acquisition.
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