{"id":570758,"date":"2022-05-05T12:26:31","date_gmt":"2022-05-05T11:26:31","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=570758"},"modified":"2022-05-05T12:31:43","modified_gmt":"2022-05-05T11:31:43","slug":"binance-500-million-twitter-takeover","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-500-million-twitter-takeover\/","title":{"rendered":"Binance, a16z, Fidelity and Sequoia Provide Billions In Equity For Elon Musk&#8217;s Twitter Takeover"},"content":{"rendered":"\n<ul><li>Elon Musk\u2019s $43 billion Twitter acquisition includes support from major stakeholders in the crypto industry<\/li><\/ul>\n\n\n\n<ul><li>Andresen Horowitz Binance, Fidelity, and Sequoia represent some of the biggest equity backers in the deal<\/li><\/ul>\n\n\n\n<p>New developments reveal that Elon Musk is not the sole equity provider in the massive $43 billion acquisition of social media network Twitter. According to an <a href=\"https:\/\/twitter.com\/tier10k\/status\/1522159609338867713?s=20&amp;t=456Ku2k1bibbLUZqFG94bw\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/twitter.com\/tier10k\/status\/1522159609338867713?s=20&amp;t=456Ku2k1bibbLUZqFG94bw\" rel=\"noreferrer noopener nofollow\">updated 13-D<\/a> document filed with the SEC, the world\u2019s largest exchange Binance has committed a massive $500 million to the financing of the deal.&nbsp;<\/p>\n\n\n\n<p>CEO Changpeng Zhao also confirmed the news via a tweet on Thursday.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">A small contribution to the cause. <a href=\"https:\/\/t.co\/xD9XZxOWfL\" rel=\"nofollow\">https:\/\/t.co\/xD9XZxOWfL<\/a><\/p>&mdash; CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1522164316551667712?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 5, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Elon Musk reportedly launched his bid after splurging <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buys-into-twitter-2-98-billion\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buys-into-twitter-2-98-billion\/\" rel=\"noreferrer noopener\">$2.98 billion to acquire a 9.2% stake<\/a> in the social media giant earlier in March. Shortly after <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buy-twitter-43-billion\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buy-twitter-43-billion\/\" rel=\"noreferrer noopener\">turning down a seat on the company\u2019s board<\/a>, the Tesla boss announced plans to <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buy-twitter-43-billion\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/elon-musk-buy-twitter-43-billion\/\" rel=\"noreferrer noopener\">buy the company and unlock its true potential<\/a>.<\/p>\n\n\n\n<p>Notably, Binance is not the only cryptocurrency-related outfit providing funds for the historical takeover. The filing also shows that digital asset investment giant Fidelity has invested $316 million in the deal.&nbsp;<\/p>\n\n\n\n<p>Venture capitalist behemoths Andreessen Horowitz and Sequoia have also committed a combined $1.2 billion for Elon\u2019s Twitter takeover.&nbsp;<\/p>\n\n\n\n<p>The single largest contribution comes from Lawrence J Ellison Revocable Trust with $1 billion in equity.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img width=\"875\" height=\"352\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing.png\" alt=\"\" class=\"wp-image-570760\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing.png 875w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing-300x121.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing-770x310.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing-269x108.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/05\/Elon-Musk-SEC-Filing-746x300.png 746w\" sizes=\"(max-width: 875px) 100vw, 875px\" title=\"\"><figcaption>13-D SEC Filing (Source: DB)<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance will back Elon&#8217;s Twitter takeover with $500 million. Other crypto players like Fidelity and a16z will also provide equity.<\/p>\n","protected":false},"author":55,"featured_media":570762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[4087,1119,7937,802,1212],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570758"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=570758"}],"version-history":[{"count":6,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570758\/revisions"}],"predecessor-version":[{"id":570770,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/570758\/revisions\/570770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/570762"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=570758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=570758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=570758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}