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Binance commits $500 million to finance Elon Musk’s Twitter takeover

By Mitchelle Uzorka 

The world’s largest cryptocurrency exchange BINANCE, is supporting Elon Musk’s Twitter take over with $500 Million, according to data filed with the United States Securities and Exchange Commission.

Elon Musk filed an amended general statement of the acquisition, announcing that Twitter received an aggregate of about $7.2 billion in new financing commitments in connection with the merger agreement, subject to the conditions in co-investor equity commitment letters.

Elon Musk

According to the document, Binance is one of 18 co-investors in the acquisition alongside major crypto industry players like Sequoia Capital Fund and Fidelity Management and Research Company.

 

 

 

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