{"id":3113,"date":"2022-05-06T14:59:37","date_gmt":"2022-05-06T14:59:37","guid":{"rendered":"https:\/\/gospeedhub.com\/?p=3113"},"modified":"2022-05-06T17:06:46","modified_gmt":"2022-05-06T17:06:46","slug":"binance-500-million-for-twitter","status":"publish","type":"post","link":"https:\/\/gospeedhub.com\/blogs\/binance-500-million-for-twitter\/","title":{"rendered":"$500 million commitment from Binance for Twitter takeover."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Crypto exchange giant, Binance, has committed $500 million to help finance Elon Musk takeover of Twitter. The venture capital firm, Sequoia Capital, also committed $800 million. A total of 19 parties have committed around $7.1 billion Out of the $44 billion takeover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Binance is the fourth largest donor behind Lawrence J. Ellison Revocable Trust, Sequoia Capital and VyCapital. Each contributed $1 billion, $800 million and $700 million respectively.<\/p>\n\n\n\n<figure class=\"wp-block-embed alignfull 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\">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\">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<ul class=\"wp-block-list\"><li>According to an updated Schedule 13D&nbsp;filing with the U.S. Securities and Exchange Commission (SEC) filed on Wednesday, the world&#8217;s largest crypto exchange was among the equity investors for the deal.<\/li><li>A Schedule 13D is a form which must be submitted to the SEC when an entity acquires more than 5% of a company&#8217;s equity shares.<\/li><li>Shares of Twitter were up nearly 3% in pre-market trading, while tokens of BNB Chain (BNB) pumped from $399 to $414 following news of Binance&#8217;s commitment.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For more information, please visit us @GoSpeedHub on&nbsp;<a href=\"https:\/\/www.facebook.com\/gospeedhub\">Facebook<\/a>,&nbsp;<a href=\"https:\/\/www.instagram.com\/gospeedhub\/\">Instagram<\/a>, and&nbsp;<a href=\"https:\/\/twitter.com\/gospeedhub\">Twitter<\/a>.<\/p>\n\n\n\n<p class=\"cnvs-block-core-paragraph-1651848729986 wp-block-paragraph\" style=\"font-size:10px\">Follow @MindofOtis on&nbsp;<a href=\"https:\/\/www.facebook.com\/MindofOtis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>,&nbsp;<a href=\"https:\/\/www.instagram.com\/mindofotis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a>, and&nbsp;<a href=\"https:\/\/twitter.com\/mindofotis\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:8px\">All Images from Kanchanara.<\/p>\n","protected":false},"excerpt":{"rendered":"Crypto exchange giant, Binance, has committed $500 million to help finance Elon Musk takeover of Twitter. The venture&hellip;\n","protected":false},"author":1,"featured_media":3114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_1331110278889566212_1331110278889566212":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[7,10,12,6],"tags":[550,91,98,140,301,541,56,113,82,102],"class_list":["post-3113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-apps","category-banking","category-crypto","category-tech-news","tag-binance","tag-bitcoin","tag-blockchain","tag-cryptocurrency","tag-elonmusk","tag-elonmusktwitter","tag-metaverse","tag-nfts","tag-technews","tag-twitter","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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