Musk said that bankruptcy “was a possibility” if Twitter does not start generating more cash
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Saudi’s Prince Alwaleed, Qatar wealth fund: Meet the investors who funded Elon Musk’s Twitter buyout
Musk acquired the social media platform for $44 billion on October 28, and has then imposed massive changes such as firing employees, paid features and more
Kingdom Holding Company
Saudi’s Kingdom Holding Company ‘second largest’ Twitter investors after Musk takeover
The deal is in line with the long-term investment strategy for which Kingdom Holding Company is known for, the statement said
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Musk starts his rule at Twitter by firing CEO Agrawal and three others
CFO Ned Sagal, top legal and policy executive Vijaya Gadde and general counsel Sean Edgett among those who get the axe as Tesla founder takes over the social media platform
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Elon Musk excited by Twitter’s potential, despite ‘overpaying’ for the company
His Tesla misses Q3 earning expectations by a slight margin, but Musk says his company will be worth the combined market cap of Apple and Saudi Aramco soon
$44 billion
Elon Musk buys Twitter for $44 billion amidst debate over online free speech
Investors will receive $54.20 for each Twitter share they own, as Elon Musk – the world’s richest man and the CEO of Tesla – buys the 16-year-old social networking platform at 38 percent more than the stock’s close on April 1