Sequoia Capital Binance Still Funding Elon Musk Twitter Takeover? The Latest

Is Elon Musk's Twitter takeover still receiving support from key investors? The answer, according to multiple sources, is yes. Despite the drama and uncertainty surrounding the $44 billion acquisition, Binance, Sequoia still backing Elon Musk’s bid for Twitter.

Binance and tech investor Sequoia Capital are reportedly still backing Tesla CEO Elon Musk’s $44 billion takeover bid of social media platform Twitter. This commitment comes despite market fluctuations and ongoing negotiations.

Binance y el inversor tecnológico Sequoia Capital siguen apoyando la oferta de compra de USD 44,000 millones del CEO de Tesla, Elon Musk, de la red social Twitter.

Binance and Sequoia Capital are the two major investors in Elon Musk's Twitter takeover, and according to sources close to the two firms, they still support Musk in his endeavors. Two of the major equity investors in Elon Musk’s Twitter takeover, Sequoia Capital and Binance, are still funding the purchase, according to sources close to both.

Specifically, Cryptocurrency exchange Binance committed $500 million and venture capital firm Sequoia Capital $800 million to help finance Elon Musk's $44 billion takeover of Twitter. If the takeover finally goes through, Binance’s $500 million backing will take its net spend on investments to almost $1 billion this 😲.

According to The Information, Sequoia Capital Binance and Sequoia Capital, among the major investors in this acquisition, remain committed to funding Elon Musk’s $1.3 billion. The continued financial backing from these firms signals a level of confidence in Musk's vision for the platform.

Stay tuned for further updates as the Twitter acquisition progresses.