At least two big equity investors backing Elon Musk’s deal to buy Twitter plan to continue their funding as the billionaire moves toward closing the deal after dramatically changing his position on it.
Sequoia Capital, which has committed $800 million to the deal, plans to keep its financing in place, according to a person familiar with the matter. Meanwhile, a spokesperson for cryptocurrency exchange Binance, which is slated to contribute $500 million to the deal, told The Information that its commitment has not changed.
