LeadStory
Companies & StartupsFinanceSocial MediaStockmarket

Bloomberg

Musk secures $7B additional funding for Twitter

Bloomberg ·
Bloomberg
Bloomberg

Elon Musk has secured about $7.1 billion of new financing commitments, including from billionaire Larry Ellison, a Saudi Prince, and Sequoia Capital, to help fund his proposed $44 billion takeover of Twitter. Dan Ives of Wedbush says this new financing is good for Tesla and Twitter shareholders. He's on "Bloomberg The Open."