Deals
Binance CEO Thinks He’ll Stand by Financial Backing of Musk's Twitter Bid
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Binance Holdings Ltd.’s chief executive officer said he thinks he will stick with Elon Musk’s proposed $44 billion buyout of Twitter Inc. amid potential concerns from Washington about foreign investors backing the bid.
“I think so,” Changpeng Zhao said when asked if he will stand by his financial commitment to Musk. Zhao spoke in Riyadh, Saudi Arabia, where he was attending the kingdom’s Future Investment Initiative conference on Tuesday.