The richest person on Earth, Tesla CEO and dogecoin (DOGE) fan Elon Musk, is looking to buy the social media platform Twitter for a whopping $44 billion.

From a new document, filed with the U.S. Securities and Exchange Commission (SEC), it appears that Musk has raised $7.14 billion from investors. The document reveals that Binance, the largest cryptocurrency exchange in the world, is one of these investors.

Binance CEO Changpeng Zhao, aka “CZ,” confirmed the investment on Twitter yesterday: “A small contribution to charity.”

“We, from our friends, heard that Musk was looking for outside investors, and are we interested? We immediately said that we are. He had no plan for Twitter. There is no such thing as a business plan. So it was not such a discussion. It’s more like a blank check.”

According to CZ in an interview with the Financial Times† Against CNBC CZ says the following about the deal:

“We’re excited to help Elon realize a new vision for Twitter. We hope to play a role in bringing social media and Web3 together and broadening the use and adoption of crypto and blockchain technology.”

Not only Binance is participating in the takeover

In addition to Binance, 18 more co-investors are named in the SEC document. Oracle co-founder Larry Ellison is investing a staggering $1 billion, followed by Sequioa Capital, who pledge $800 million. Saudi Prince Alwaleed bin Talal bin Abdulaziz al Saud also now supports the takeover by Musk. He is already a shareholder, but was initially against the takeover. It is unclear why he changed his mind.

Despite this, there are concerns that Musk may not close the deal. Not everyone is happy with the acquisition. Although Musk claims he is doing this for free speech, many people are convinced that it will have the opposite effect.


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