Binance founder CZ confirms $500M equity investment to back Musk’s Twitter deal
Binance founder Changpeng ‘CZ’ Zhao confirmed a $500 million equity investment in Elon Musk’s acquisition of Twitter Inc. Musk finalized the $44 billion acquisition of Twitter Inc on Oct. 27, a day before a court-ordered deadline that would otherwise see the Delaware Chancery Court recommence trial in November. A day before the deal’s closing, the billionaire announced that he acquired Twitter because it is essential to the future of civilization via a tweet. He expressed his concerns about social media censorship and his motivation to promote dialogue as a way past political fragmentation via his acquisition. Musk estimates that 20% of Twitter accounts are bots, but the two firms he hired to clear the issue.
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