Elon Musk receives $ 7 billion in new funding for Twitter agreement

Elon Musk has gathered a group of investors, including a Saudi prince, Larry Ellison and a bitcoin exchange to pony up more than $ 7 billion to support his bid to buy Twitter

Tesla Inc.’s CEO has received letters committing to around $ 7.14 billion from a group of 19 investors. The biggest contribution comes from Prince al-Waleed bin Talal from Saudi Arabia, which agreed to keep its nearly $ 1.9 billion stake in Twitter after Musk’s takeover, the revelation states.