(Bloomberg) -- Elon Musk’s X attracted investment from a plethora of big names from Silicon Valley to global finance, including Sean “Diddy” Combs and billionaire Larry Ellison, according to a court document unsealed Wednesday.
Many of the investors listed, such as Twitter co-founder Jack Dorsey and venture capital firms Andreessen Horowitz and Sequoia, have been disclosed previously. But the filing outlines X Holdings Corp. shareholders in full for the first time in one document, giving the public an overview of the backers behind the social media platform Musk acquired for $44 billion in 2022. They include major players in investing such as Bill Ackman’s Pershing Square, Saudi Prince Alwaleed Bin Talal and Fidelity.
The takeover drew controversy almost from the moment Musk announced his intentions. Since the acquisition, Musk has slashed the workforce and alienated advertisers, the lifeblood of the company. He now plans to transform the platform into an everything app, incorporating services ranging from highly produced video series to payments.
The court filing, which a judge ordered unsealed as part of a lawsuit brought by former Twitter employees, lists scores of shareholders but doesn’t offer a breakdown or delve into the latest details of their stakes. Previous disclosures showed Musk owned 75% of X’s parent company as of October, while no other backer held more than 10%.
A spokesperson for X didn’t immediately respond to a request for comment after normal hours.
--With assistance from Kurt Wagner.
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