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

Binance has committed to  Elon Musk’s $44 billion acquisition of Twitter, a document filed with the United States Securities and Exchange Commission has revealed.

In an amended general statement of the acquisition, Elon Musk announced that Twitter received an aggregate of about $7.2 billion in new financing commitments in connection with the merger agreement from 18 co-investors.

However, this is subject to the conditions in co-investor equity commitment letters.

One of the 18 co-investors in the acquisition is Binance, others include major crypto industry players like Sequoia Capital Fund and Fidelity Management and Research Company.

 

The full details of this will be made clearer.