Elon Musk, the billionaire, has lined up 19 new investors to help fund his $44 billion (£35.5 billion) purchase of Twitter.
The $7.1 billion in commitments will allow Mr Musk to reduce his own risk in the deal, which has been approved by Twitter’s board but has not yet been completed.
Larry Ellison, co-founder of Oracle and a friend of Mr Musk’s, is the single largest contributor, with $1 billion.
Other investors include Sequoia Capital, a well-known Silicon Valley venture firm, and Binance, a cryptocurrency exchange.
There is still some doubt that Mr Musk, who also serves as CEO of Tesla and SpaceX, will be able to complete his planned buyout.
Mr Musk, whose position as the world’s richest person is determined by the value of his Tesla stake, has stated that he intends to fund the purchase with a combination of loans, investments, and cash.
In recent weeks, he sold about $8.5 billion in Tesla stock, which is expected to be used to fund the deal. He has secured $13 billion in bank loans and is borrowing against his Tesla holdings.
According to the government filing, the new $7.1 billion commitment will allow him to reduce the debt from an initial proposed $12.5 billion to $6.25 billion.