March 30, 2023

Dubai Week

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Qatar joins finance of Elon Musk's Twitter acquisition - (Tweets)

Qatar joins finance of Elon Musk’s Twitter acquisition – (Tweets)

Doha – “Al Quds Al Arabi”:

Reports and a wide range of information revealed the participation Diameter Businessman Elon Musk is in the process of financing the acquisition of Twitter.

Al-Quds Al-Arabi Qatar has been monitoring information about funding with key investors around the world. Twitter Acquisition.

A report released by the Bloomberg Network said that Musk had succeeded in convincing the world’s largest investors to finance the biggest deal in the history of acquisitions in the technology sector.

So far, Qatar Holding seems to be the investment arm Qatar Investment Commission $ 375 million was shared among co-financing investors.

According to similar sources, Qatari parties could raise the value of the funds they receive Global Twitter site Their total potential is likely to exceed half a billion dollars.

Several international financial institutions were reported to be involved in the funding process.

Is in addition to the most important contributors For a device with a diameterFidelity Investments, Brookfield Asset Management and Lawrence J. Ellison Fund, the largest contributor with $ 1 billion.

According to sources close to al-Quds al-Arabi, the world’s richest man has raised $ 7.14 billion from a group of investors to finance the acquisition of al-Quds al-Arabi. Twitter Inc For $ 44 billion.

Al-Waleed bin Talal withdraws his statement

The latest revelation shows that Saudi Arabian investor Prince Alwaleed bin Talal initially opposed the purchase, agreeing to convert his $ 1.89 billion stake into a deal instead of selling it.

The move comes as Muskin’s margin debt has been slashed from $ 12.5 billion to $ 6.25 billion previously announced.

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Musk’s $ 21 billion financial commitment turned into $ 27.25 billion.

Elon Musk will continue to negotiate with existing Twitter shareholders, such as former chairman of the company Jack Dorsey, to contribute shares for the acquisition.

Reuters reports that Musk has been in talks with big investment firms and the rich about getting more funding to acquire Twitter and reducing his money in the deal.

Larry Ellison, a Tesla board member who describes himself as a close friend of Musk, has donated $ 1 billion.

Twitter headquarters in Dubai

Various sites have suggested that Qatar’s merger with the financiers of Elon Musk’s acquisition of Twitter may be subject to change.

According to local sources, Twitter’s regional headquarters in Dubai could be relocated to a capital other than the Emirates’ economic capital.

Activists spread information about the possibility of acquiring the regional headquarters in Doha, Dubai, the capital of Qatar.

Twitter headquarters in Dubai

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Twitter and its regional headquarters in Dubai are suspected of publishing a number of false news and serving Emirati agendas.

Activists have launched a campaign on the site after a series of scandals that have spread in recent times.

Al-Quds Al-Arabi has previously published a detailed investigation Twitter headquarters in Dubai In the slander campaign against Qatar.

Qatar Investment Commission

Established by Qatar Qatar Investment Commission In 2005, Order No. 22 of 2005 was established, establishing a sovereign wealth fund specializing in domestic and foreign investment and managing oil and natural gas surpluses.

And occupies Qatar Investment Fund It is the ninth largest sovereign property fund in the world, according to data from the SWFI Institute, which specializes in monitoring the movement of these funds.

The fund aims to improve the competitiveness of the Qatari economy, diversify the economy and improve local capabilities.

He wants to be one of the first investment companies and in his view seeks to be the best partner for the choices of investors and financiers.

The Government of Qatar has worked for many years to invest in its sovereign wealth, which will enhance its relations with the outside world and strengthen its political role, in line with a strategy to achieve diversification of revenue sources and geographical distribution.

In those years, many countries in Europe and Asia benefited The country’s investment is flowing At different times.