Twitter\u2019s top investors after the company was bought by Elon Musk include the platform\u2019s co-founder Jack Dorsey, Saudi Prince Alwaleed bin Talal, and a subsidiary of the sovereign wealth fund of Qatar, regulatory filings show.<\/p>\n\n\n\n
Musk closed the $44 billion deal to purchase the social network platform last week after several months of negotiations and immediately fired some of Twitter\u2019s top executives.<\/p>\n\n\n\n
The Saudi prince maintained his Twitter stake after moving nearly 35 million shares, worth about $1.9 billion at the $54.20 per share sale price, through the Kingdom Holding Company. This made the corporation and the private office of Prince Alwaleed Bin Talal the second-largest investor in the newly private company.<\/p>\n\n\n\n
Jack Dorsey, who co-founded the social media platform and previously served as its chief executive officer, rolled over more than 18 million shares, or about 2.4% of the company, worth about $978 million at the merger price. The investment gave Dorsey shares of Musk\u2019s X Holdings I, which controls Twitter. Meanwhile, Qatar\u2019s sovereign wealth fund contributed $375 million in exchange for\u00a0a stake in the new company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Twitter\u2019s top investors after the company was bought by Elon Musk include the platform\u2019s co-founder Jack Dorsey, Saudi Prince Alwaleed bin Talal, and a subsidiary of the sovereign wealth fund of Qatar, regulatory filings show. Musk closed the $44 billion deal to purchase the social network platform last week after several months of negotiations and […]<\/p>\n","protected":false},"author":754,"featured_media":36698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[22],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/cww7news.com\/wp-content\/uploads\/2022\/11\/30-e1667311762714.jpg?fit=700%2C378&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/posts\/36697"}],"collection":[{"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/users\/754"}],"replies":[{"embeddable":true,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/comments?post=36697"}],"version-history":[{"count":1,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/posts\/36697\/revisions"}],"predecessor-version":[{"id":36699,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/posts\/36697\/revisions\/36699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/media\/36698"}],"wp:attachment":[{"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/media?parent=36697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/categories?post=36697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cww7news.com\/wp-json\/wp\/v2\/tags?post=36697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}