The disclosure revealed that Saudi investor Prince Alwaleed bin Talal, who initially opposed the purchase, also agreed to put his $ 1.89 billion stake in the deal instead of selling it for cash.
The move came as Musk’s margin loans were reduced to $ 6.25 billion from a previously announced $ 12.5 billion, according to the disclosure.
Musk’s $ 21 billion financial commitment was also changed to $ 27.25 billion.
The disclosure revealed that Musk will continue to negotiate with existing Twitter shareholders, such as former company chairman Jack Dorsey, to contribute shares in the acquisition.
The investor group also includes Qatar Holding and Dubai-based Vway Capital, which are also investing in another Musk project, The Boring Company.
Reuters reported last week that Musk was in talks with large and wealthy investment firms to get more funding for his takeover of Twitter and to slow down the deal.
Larry Ellison, a Tesla board member who describes himself as a close friend of Musk, provided $ 1 billion in funding.
Source: Al Akhbar