Vy Capital Pledges $700 million to Musk’s Twitter Bid

Following Elon Musk‘s statement that he may abandon his attempt to acquire Twitter, numerous high-profile investors were interested in the situation. The very first business on the list is an investment company based in Dubai that has more than $5 billion in assets under control.

Elon Musk’s offer to acquire Twitter has received a financial boost of 700 million dollars thanks to Vy Capital, which was established by Alexander Tamas. Because of this, it is the most significant contribution coming from the outside. In addition to Vy Capital, other investors in the purchase included Sequoia Capital and individuals such as Larry Ellison.

Not only did the investment made by Vy Capital surpass those made by Brookfield Asset Management and Qatar, but the company had also previously made investments in businesses such as Boring Co. and the cryptocurrency exchange ErisX.

Tamas has a lengthy history of cultivating relationships with notable individuals. Before he established Vy Capital, he had a very close working relationship with the billionaire Yuri Milner. Following his time spent in London working on technology projects for Goldman Sachs Inc., he joined Milner’s investment firm the following year (2008). In this capacity, he oversaw several highly lucrative wagers on firms such as Airbnb Inc. and Facebook.

Before he became involved with Goldman Sachs, he was a co-founder of Arma Partners and served in that capacity for many years. Companies and investors operating in the technology sector could seek guidance from the company regarding matters pertaining to corporate finance.

It would appear that he is establishing a relationship with Musk at this time. Additionally, he has invested a significant amount of capital into several of Musk’s businesses, including Tesla Inc., SpaceX, and Neuralink Corp. Even one of Vy’s summer analysts is the son of Jades Birchall, who is Musk’s most trusted assistant.

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