{"id":254077,"date":"2022-11-01T10:52:00","date_gmt":"2022-11-01T10:52:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/?p=254077"},"modified":"2022-11-01T10:52:00","modified_gmt":"2022-11-01T10:52:00","slug":"elon-musks-twitter-investors-include-saudi-prince-jack-dorsey-qatar","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2022\/11\/01\/elon-musks-twitter-investors-include-saudi-prince-jack-dorsey-qatar\/","title":{"rendered":"Elon Musk’s Twitter Investors Include Saudi Prince, Jack Dorsey, Qatar"},"content":{"rendered":"

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Regulatory filings show the Saudi prince moved almost 35 million Twitter shares. (Representational)<\/p>\n<\/div>\n

Elon Musk bought Twitter Inc. last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private company.<\/p>\n

That means Twitter, whose shares were delisted last week after almost a decade as a public company, has a new lineup of top investors.<\/p>\n

Prince Alwaleed bin Talal<\/strong><\/p>\n

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Regulatory filings show the Saudi prince moved almost 35 million Twitter shares through the Kingdom Holding Co., worth about $1.9 billion at the $54.20 per share sale price. That made him the “second-largest investor” in the new parent company.<\/p>\n

Alwaleed was quick to endorse Musk’s plan to acquire Twitter, saying in May that Musk would be “an excellent leader” for the social media company.<\/p>\n

Jack Dorsey<\/strong><\/p>\n

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Twitter’s co-founder and former chief executive officer rolled over just more than 18 million shares, or about 2.4% of the public company, worth about $978 million at the merger price. That gave him shares of Musk’s X Holdings I Inc., which controls Twitter.<\/p>\n

After Musk first agreed to buy Twitter in April, Dorsey lamented that the company was “owned” by Wall Street and said that taking it private was the “correct” first step.<\/p>\n

Qatar Investment Authority<\/strong><\/p>\n

A subsidiary of the sovereign wealth fund of Qatar contributed $375 million in exchange for shares of Musk’s holding company.<\/p>\n

The Bloomberg Billionaires Index estimates the value of the stakes rolled over from Twitter stock declined by about 40 per cent\u00a0since Musk made his offer in April, based on a drop in an index of social-media company shares.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n

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[ad_1] Regulatory filings show the Saudi prince moved almost 35 million Twitter shares. (Representational) Elon Musk bought Twitter Inc. last week for $44 billion with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media service in exchange for a stake of the new private […]<\/p>\n","protected":false},"author":1,"featured_media":254078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5809,24887,201377,438],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/254077"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=254077"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/254077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/254078"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=254077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=254077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=254077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}