X investors who helped Elon Musk buy company include top VC firms, Saudi prince and Jack Dorsey

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Business Nouvelles

Tech,Andreessen Horowitz,Elon Musk

A federal judge in San Francisco ordered X on Tuesday to unseal the list of shareholders who were part of the group that took the company formerly known as Twitter private in October 2022.

Several of Silicon Valley’s top venture capitalists, a Saudi royal and fund linked to disgraced hip hop mogul Sean ‘Diddy’ Combs areA federal judge in San Francisco ordered X on Tuesday to unseal the list of shareholders who were part of theand Twitter founder and former CEO Jack Dorsey are among those who own part of X, it was revealed the filing.X was forced to reveal the list of investors who helped owner Elon Musk acquire the company in 2022 for $44 billion.

Katie Townsend, legal director for the Reporters Committee, praised Illston’s ruling, which confirms “the interest of the general public in knowing who owns X.”To complete the purchase, Musk borrowed $13 billion from several banks, including Morgan Stanley, Bank of America and Barclays. According to the Journal, the loans that were made to Twitter have been unsold for longer than every similar deal that was made since the 2008-2009 crisis.

 

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