Elon Musk is expected to serve as the CEO of Twitter temporarily. Specific details about the role including how long he will serve as CEO have not yet been released.
News of Musk’s new position broke directly after an SEC filing from Thursday revealed that 18 investors committed to invest a collective $7.14 billion.
Oracle Corp co-founder Larry Ellison’s trust will reportedly invest $1 billion towards the $44 billion purchase of the social-media platform.
Musk said he had also received equity commitment letters from investors Brookfield ($250m) and Sequoia Capital ($800m.)
Other investors listed included New York City real estate investor Steve Witkoff ($100m) and Qatari Holding ($375m)
The Current CEO of Twitter Parag Agrawal has only been in the role a few months after taking over from Jack Dorsey late last year.
Agrawal told employees during a company-wide town hall meeting last month that the future of Twitter is uncertain under Musk, when reportedly asked whether or not the company will let President Donald Trump on the platform.
