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Binance pledges $500m as Elon Musk gets $7bn in fresh funding for Twitter takeover

Altogether the 19 investors have pledged about $7.1bn to help bolster Musk's equity for his offer

Other investors include Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia, Sequoia Capital, Fidelity Management & Research Company, and Oracle co-founder and Tesla board member Larry Ellison
Other investors include Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia, Sequoia Capital, Fidelity Management & Research Company, and Oracle co-founder and Tesla board member Larry Ellison Photo: AFP/Getty Images

The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon Musk buy Twitter.

The firm is among several financiers that said in a 4 May filing they would contribute towards the deal to fund Musk’s ownership of the social media platform.

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