October 21, 2022

Billionaire Ken Griffin backs Elon Musk’s bid to buy Twitter

Billionaire Ken Griffin has committed to back Elon Musk’s bid to buy Twitter Inc, Bloomberg reported.

Billionaire Ken Griffin is committing nearly $20 million to the $44 billion Twitter deal.

Elon Musk had not disclosed the information to the public.

Ken Griffin has an estimated net worth of $29.2 billion.

Tech billionaire had disclosed in a May filing that he had $7.1 billion of financing commitments to help him buy the social-media platform.

Musk has raised about $15 billion in cash from reducing his stake in the electric carmaker.

According to the Washington Post, billionaire Peter Thiel’s Founders Fund and LinkedIn Corp. founder Reid Hoffman were among those who passed on supporting the deal.