This news was reported by CoinDesk. According to him, the Binance crypto exchange decided to refuse San's offer, as it learned about the possible connection of his company with China. Note that in winter, the exchange sent an application to issue a Hong Kong license.
According to available information, San has a major stake in Huobi. It was reported that he made an offer to the exchange to buy out his share last week. However, he soon denied these rumors himself, pointing out that Binance did not make any proposals regarding the acquisition of Huobi. Representatives of the largest exchange did not comment on this situation. The founder of Tron spoke about it as an April Fool's joke.