How much did Binance commit to Elon Musk's Twitter takeover?

Cryptocurrency exchange Binance committed $500 million and venture capital firm Sequoia Capital $800 million to help finance Elon Musk's $44 billion takeover of social media platform Twitter (TWTR). Around $7.1 billion has been committed by 19 different parties with Fidelity putting aside $316 million for the takeover

Is Qia the first government-backed investment in Elon Musk's bid?

The QIA, Qatar’s sovereign wealth fund, is contributing $375mn and marks the first government-backed investment in Musk’s bid. Zhao said Binance’s investment came together in just over a week, with little discussion of plans for Twitter.

Who backed Elon Musk's Twitter deal?

Photo: Roelof Botha, partner at Sequoia Capital, and Zhao Changpeng, founder of Binance. Photos by Getty Images and Bloomberg. At least two major equity investors backing Elon Musk’s deal to buy Twitter plan to go ahead with their funding, as the billionaire moves toward closing the deal after dramatically reversing his position on it.

How much money has Sequoia invested?

Sequoia has chipped in $800 million, VyCapital $700 million, Binance financed $500 million and Andreessen Horowitz invested $400 million, the . Notably, no investor has put in more than $1 billion and large PE firms are still MIA.