Elon Musk's Twitter
Investor include
saudi prince jack dorsey
, Qatar
Elon Musk bought Twitter Inc. last week for
$44 billion
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Regulatory filings show the Saudi prince moved almost
35 million
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Twitter shares through the Kingdom Holding Co., worth about
$1.9 billion at the $54.20 per
share sale price.
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According to regulatory records, the Saudi prince sold around
$54.20 per share, or over 35
million shares of
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Twitter, through the Kingdom Holding Co. He was now the "second-largest stakeholder" in the new parent corporation as
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Just over 18 million shares, or roughly 2.4% of the publicly traded firm, were rolled over by the co-founder and former CEO of
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Twitter, valued at about $978 million at the time of the merger. As a result, he received shares of Elon Musk's Twitter-controlling X Holdings I Inc.
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the firm after Musk initially agreed to purchase Twitter in April and argued that going private was the "right" first move.
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$375 million was given by a subsidiary of
Qatar's sovereign
wealth fund in exchange for stock in Musk's holding company.
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Based on a loss in an index of shares of social media companies, the Bloomberg Billionaires Index calculates that the value of
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The stakes transferred from Twitter stock has decreased by nearly
40% since Musk made
his offer in April.
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