Musk’s Twitter $44 Billion Bid Includes Financier Close to Russia
By Senad Karaahmetovic
Elon Musk’s $44 billion bid for Twitter (NYSE:) has attracted an investor close to a Russian tycoon, Bloomberg News reports.
Vy Capital, an investment firm based in Dubai that manages more than $5Bn of assets, has pledged $700M to assist Tesla (NASDAQ:) Musk with his financing for Twitter’s takeover.
Vy Capital was the third major outside backer in the deal. This is along with Sequoia Capital or Larry Ellison.
Alexander Tamas (a German citizen who had previously been linked to Russian-Israeli tycoon Yuri Milner) founded the company. Vy Capital would have funded one of largest leveraged acquisitions ever. That is a feat for a small firm that only has a few publicly available records showing its funding source.
Vy Capital also invested in Musk’s Boring Company and digital asset exchange ErisX, according to PitchBook. Moreover, the firm’s founder Tamas also backed Musk’s spacecraft engineering company SpaceX and neurotechnology company Neuralink, suggesting that the investor has been deepening his relationship with Musk.
Vy Global Growth provided a 2020 document that showed Vy Capital managed over $2Billion in assets. That number is more than doubled since 2000.