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SEC documents show that Binance is contributing upto $500m towards Elon Musk's Twitter takeover

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by COINS NEWS 156 Views

Binance seems to be interested in commiting funds to Elon for his Twitter takeover. In a letter filed with SEC, Elon has disclosed backing for upto $7 BN for his proposed takeover of Twitter, from big names such as Brookfield, Fidelity, Qatar, Sequoia and now Binance too!

As per the filing, Binance the largest cryptocurrency exchange has commited upto $500,000,000 in cash towards Musk's takeover and aquistition of Twitter.

The deal would mark Binance's entry into the big league of investors who are willing to contribute towards deals outside the traditional crypto space.

https://www.sec.gov/Archives/edgar/data/0001494730/000110465922056055/tm2214608-1_sc13da.htm

submitted by /u/Set1Less
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