Court-Ordered Disclosure Reveals Investors Behind Elon Musk's $44 Billion X Acquisition
Federal judge mandates unsealing of shareholder list, exposing diverse backers including top VC firms, Saudi royalty, and tech moguls.
- The unsealed documents list nearly 100 investors who supported Musk's acquisition of X, formerly known as Twitter.
- Key investors include Andreessen Horowitz, Saudi Prince Alwaleed bin Talal, and Twitter co-founder Jack Dorsey.
- Larry Ellison contributed $1 billion, while Musk borrowed $13 billion from banks like Morgan Stanley and Bank of America.
- The loans have been deemed the worst merger-finance deal since 2008 due to X's declining financial performance.
- Musk's leadership has seen a significant drop in advertising revenue and workforce reduction by 80%.
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