Binance and tech investor Sequoia Capital are reportedly still backing Tesla (NASDAQ:TSLA) CEO Elon Musk’s $44 billion takeover bid of social media platform Twitter.
Sequoia Capital already committed $800 million to the deal back in April before Musk subsequently got cold feet. According to an unnamed source familiar with the matter, the firm will keep that capital allocation to support the deal now that the deal is reportedly back this month.