Elon Musk secures $7bn in outside funding for Twitter takeover
by Dan Milmo Global technology editor from Technology | The Guardian on (#5YX54)
Investors include Oracle co-founder Larry Ellison and Saudi prince Alwaleed bin Talal
Elon Musk has secured more than $7bn (5.7bn) in funding for his $44bn takeover of Twitter from a group of investors including the tech tycoon Larry Ellison, the Qatar state investment fund and the world's biggest cryptocurrency exchange.
It came as CNBC reported that Musk, the world's richest person and Tesla chief executive, will serve as temporary chief executive of the social media platform for a few months once the deal closes.
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