Will Binance Still Back Elon Musk’s Twitter Takeover? ‘I Think So,’ CEO Says

[Google News Bot]

Binance will probably stick to its promise to put $500 million towards Elon Musk’s on-again, off-again bid to buy Twitter at $54.20 per share. The exchange’s CEO, Changpeng Zhao (CZ), was recently asked whether he still stood with his fellow billionaire. “I think so,” he said, when speaking at the Future Investment Initiative conference in Riyadh, Saudi Arabia on Tuesday. CZ promised to back the bid when it was announced in April, joining a handful of other crypto-adjacent financial companies, including Fidelity Management and Sequoia Capital. Musk shared private messages ...

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