History
2022: $700 million allocation to Musk to buy Twitter
In June 2022, it became known that the investment company Vy Capital, which belongs to Russian businessman Alexander Tamas, allocated about $700 million to Ilona Musk to buy the social network Twitter.
According to Bloomberg, Vy Capital, whose main site consists of one page, without address and contact details, will become the third largest investor in the transaction to finance the purchase of Twitter Elon Musk.
According to a news agency citing the PitchBook portal, Vy Capital once invested in Boring and the ErisX cryptocurrency exchange. The size of the investments is not specified.
Prior to Musk's decision to acquire Twitter, Tamas had already collaborated with an American businessman. So, in the summer of 2021, Dubai Vy Capital headed venture capital investments in a startup. Neuralink The project specialized in the development of neurointerfaces. In total, Musk was able to raise $205 million. Then it became the largest round of funding in the history of this area.
It is reported that before the creation of Vy Tamas worked closely with investor Yuri Milner. According to the agency, in 2020, the company's assets exceeded $2 billion, but now their value has more than doubled.
In addition to his investment activities, Tamas founded the data-processing research company Synaptic and supported research in artificial intelligence at the Institute for the Future of Humanity at the University of Oxford.
In June 2022, it became known that Twitter was ready to put an end to the confrontation with Musk, who threatened to suspend a $44 billion deal to buy Twitter. The management of the social network will provide the billionaire with access to data on the activity of social network users.
Elon Musk in June 2022 threatened to terminate the deal due to the refusal to provide the requested data. Immediately after his announcement, Texas Attorney General Ken Paxton initiated an investigation into Twitter.[1]
Notes
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