Twitter’s new investors: Saudi Prince, Jack Dorsey, Qatari prince

With the aid of loans from Wall Street banks and the agreement of Twitter Inc.’s shareholders to roll over their position in the social media site in exchange for a part of the new private firm, Elon Musk acquired Twitter Inc. last week for $44 billion.

It also means that Twitter, whose shares were delisted last week after over a decade as a public corporation, has a new group of influential investors.

Prince Alwaleed bin Talal

Prince Alwaleed bin Talal is a billionaire, investor and philanthropist belonging to the Saudi Royal Family.

According to regulatory records, the Saudi prince sold about 35 million Twitter shares through the Kingdom Holding Co., amounting to approximately $1.9 billion at the transaction price of $54.20 per share. He became the “second-largest investor” as a result “of the new parent organisation.

Alwaleed quickly supported Musk’s acquisition of Twitter, stating in May that Musk would be a “great leader.” “in favour of the social media firm.

Jack Dorsey

Just over 18 million shares, or 2.4% of the publicly traded firm, were transferred by the co-founder and former CEO of Twitter. These shares were valued at $978 million at the merger price. By doing so, Musk’s X Holdings I Inc., which runs Twitter, handed him shares.

When Musk initially agreed to purchase Twitter in April, Dorsey bemoaned the fact that Wall Street “owned” the firm and argued that going private was the “right” first move.

Qatar Investment Authority

$375 million was given by a subsidiary of Qatar’s sovereign wealth fund in exchange for stock in Musk’s holding company.

Based on a loss in an index of shares of social media companies, the Bloomberg Billionaires Index calculates that the value of the stakes transferred from Twitter stock has decreased by nearly 40% since Musk made his offer in April.