An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.
STR | Nurphoto | Getty Images
Elon Musk sold $3.95 billion worth of shares in his electric car company Tesla after closing his $44 billion acquisition of Twitter.
According to filings with the Securities and Exchange Commission, Musk sold 19.5 million shares of Tesla.
In addition to pouring billions of his own capital into taking Twitter private, Musk relied on partners including equity investors Binance, Ron Baron’s BAMCO, Andreessen Horowitz, Twitter’s former CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to finance the deal, and to roll their existing shares into his holding company for Twitter.
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