Late last month, Musk and Twitter's board reached an agreement to buy Twitter for $44 billion (£34.5 billion) and take it private. Now, there are more details of the acquisition.

In a document released by the US Securities and Exchange Commission (SEC) today, Musk stated that he received commitment letters from a number of investment institutions, including Sequoia Capital, with a total financing commitment of US$7.14 billion.

The new list of investors includes: Oracle founder Larry Ellison's fund (1 billion), Sequoia Capital (800 million), Vy Capital (700 million), Binance (500 million), a16z (400 million) billion), Aliya Capital Partners (360 million), Fidelity (about 320 million), Qatar Holdings (375 million), Brookfield (250 million), DFJ (100 million), Witkoff Capital (100 million).

It can also be seen from the above investment that the investors are basically top consortia and capital, and many of them have heavy positions in Crypto. However, even the founder of Oracle, who invested the most, did not account for a high proportion of the entire acquisition, and this is exactly Musk's strategy. The National Broadcasting Corporation’s financial channel commented that Musk and the consortium are only partially cooperating, which shows that he is looking for a strategic partner rather than a purely financial investment partner.

Previously, in order to complete the Twitter acquisition transaction, Musk had promised that he would provide US$33.5 billion in funds-of which 12.5 billion would be obtained through the sale of Tesla shares, and the other 21 billion would be obtained through mortgage equity, and will be provided to companies including Morgan Stanley. Several banks loaned $13 billion in funds.

Now, through this new round of financing, Musk will greatly reduce the sale of his own stock and reduce the selling pressure on Tesla stock. According to Reuters, Musk has sold about $8.5 billion in Tesla stock in the past month.

The SEC filing also shows that the total principal amount of margin loans previously made through banks such as Morgan Stanley has dropped from $12.5 billion to $6.25 billion. In addition, the proposed acquisition of Twitter shares has also increased from the previous US$21 billion to US$27.25 billion.

The document also notes that Prince Alwaleed Bin Talal of Saudi Arabia is a significant Twitter shareholder after he believed Musk's bid of $54.2 per share for the group"doesn't match at all"Its fundamental value, so he will retain 34.95 million shares after privatization.

Shares of Twitter rose 2.45% in pre-market trading after news of the new financing, opening at $50.26 per share. Meanwhile, Tesla shares fell 1 percent to $943.25 per share.