Cryptocurrency News

Binance commits $500M to co-invest in Twitter with Elon Musk

05/05/2022

Less than a minute

2022.05.05 16:40

Binance commits $500M to co-invest in Twitter with Elon Musk

Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter (NYSE:TWTR), according to data filed with the United States Securities and Exchange Commission.

On May 5, 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.

05/05/2022

Less than a minute

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