Binance Invests $500 Million In Elon Musk’s Twitter Acquisition.
Binance has been among the most successful crypto exchanges in recent years, with its competition grabbing headlines on a daily basis. The latest news about them is that they’ve joined forces to invest in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity. As per United States Security and Exchange Commission information, […]
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Elon Musk is now officially the owner of Twitter after the board accepted his $54 billion offer to buy the social media giant. The vast implications of this acquisition remain to be seen but the impact of the decision has already been felt across the market. The most notable of these has been the value […]
The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed. Binance CEO Changpeng “CZ” Zhao says the company followed through with a $500 million commitment to back Elon Musk’s high-profile Twitter takeover.Musk reportedly sealed the deal on Oct. 27, with a handful of Twitter executives escorted to the door as the new owner of the social media platform cleaned house. Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS— Elon Musk (@elonmusk) October 27, 2022 Binance had indicated that it would co-invest in Twitter in....
Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, 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....
Investors are raising concerns about Elon Musk’s acquisition of Twitter. After soaring to a multi-week high price, the Dogecoin has crashed by 20% and is trading at $0.1381 with a total market cap of around $18 billion. In an announcement on Monday, Twitter agreed to be acquired by Tesla and SpaceX CEO Elon Musk for $54 per share. This would give the company a value of more than $44 billion. Related Reading | Dogecoin (DOGE) Struggles, Drops 9% After Elon Musk Twitter Buyout Many people thought that Musk buying Twitter would help boost Dogecoin’s momentum. For 24 hours, it seemed as....
Crypto exchange Binance, in the latest development, has offered to team up with Elon Musk in order to make Twitter more crypto-friendly. Elon Musk has finally taken control of Twitter and has concluded the $44 billion acquisition. Twitter is now a private corporation and shareholders are set to receive $52.40 per share. The takeover was […]