Exchange giant Binance to invest $500M in Elon Musk’s Twitter deal
Join Our Telegram channel to stay up to date on breaking news coverage The world’s largest exchange, Binance, is set to invest in Elon Musk’s bid to acquire Twitter. The CEO of the exchange, Changpeng Zhao, has said that investing in the deal is one of the critical priorities of the exchange in 2022. Binance to invest in Elon Musk’s Twitter deal Binance had initially been named as one of the companies that would support the initiative of the CEO of Tesla and SpaceX, Elon Musk, to acquire Twitter. Musk is expected to buy Twitter at around $44 billion to make the social media company a private firm . A report by Bloomberg has said that Binance is expected to support Musk in the deal with the financing of up to $500 million. Zhao has also confirmed this deal with Bloomberg, saying that the exchange wanted to invest over $1 billion in mergers and acquisitions in 2022. Binance seems to be lining up its efforts to invest in the media sector . The exchange is also ...