{"id":26078,"date":"2022-05-05T09:07:19","date_gmt":"2022-05-05T13:07:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26078"},"modified":"2022-05-05T09:07:25","modified_gmt":"2022-05-05T13:07:25","slug":"binance-invests-500m-in-twitter-acquisition","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-invests-500m-in-twitter-acquisition\/","title":{"rendered":"Binance Invests $500M to support Elon Musk’s Twitter acquisition"},"content":{"rendered":"\n
According to data from the US Securities and Exchange Commission<\/a>, major crypto exchange Binance and 18 other co-investors participated in Elon Musk's $44 billion acquisition of Twitter.<\/h5>\n\n\n\n
\"Binance
Binance Invests $500M to support Elon Musk's Twitter acquisition<\/figcaption><\/figure><\/div>\n\n\n\n

On May 5, Musk filed a revised general statement of acquisition, indicating that Twitter had acquired new finance commitments totaling $7.2 billion in conjunction with the merger deal, subject to the terms of co-investor equity commitment letters.<\/p>\n\n\n\n

Binance is one of 18 co-investors in the transaction, among prominent crypto industry giants\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> such as Sequoia Capital Fund and Fidelity Management and Research Company, according to the statement.<\/p>\n\n\n\n

Binance is the fourth largest contributor, with $500 million, after Lawrence J. Ellison Revocable Trust, which put in $1 billion. Sequoia Capital and VyCapital each contributed $800 million and $700 million.<\/p>\n\n\n\n

After the file was made public, Binance CEO Changpeng Zhao<\/a> turned to Twitter to describe the company's investment as a “little contribution to the cause.”<\/p>\n\n\n\n

\n

A small contribution to the cause. https:\/\/t.co\/xD9XZxOWfL<\/use><\/svg><\/span><\/a><\/p>— CZ \ud83d\udd36 BNB (@cz_binance) May 5, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

When an entity, in this example Musk, purchases more than 5% of a firm, a Schedule 13D must be filed with the SEC.<\/p>\n\n\n\n

\"\"
Source: SEC<\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

Each of the document's named equity investors has promised to contribute before or shortly before the acquisition's conclusion. The agreement states that “Equity Investors have retained an option to meet such Equity Investor's equity commitment with shares of common stock <\/a>held by such equity investor, valued at $54.20 per share.”<\/p>\n","protected":false},"excerpt":{"rendered":"

According to data from the US Securities and Exchange Commission, major crypto exchange Binance and 18 other co-investors participated in Elon Musk’s $44 billion acquisition of Twitter. On May 5, Musk filed a revised general statement of acquisition, indicating that Twitter had acquired new finance commitments totaling $7.2 billion in conjunction with the merger deal, […]<\/p>\n","protected":false},"author":12,"featured_media":21318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,143,482],"class_list":["post-26078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-sec","tag-twitter"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-131.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26078"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/21318"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}