Reportedly, Sam Bankman-Fried (SBF) was planning to contribute to Elon Musk’s Twitter acquisition deal with a total of $5 billion fund.
On 14 April, Elon Musk proposed a deal to buy giant social media platform Twitter at a cost of approx $43 billion. Later Musk’ Twitter acquisition deal was accepted by the Board of the Twitter company but later Musk refused to buy Twitter. Musk said that there are huge numbers of fake/bot accounts active on Twitter and the company was not providing all the details behind these things.
Now Twitter is forcing Musk to buy Twitter and also Twitter initiated a lawsuit against Musk because Musk violated the legal acquisition contract with Twitter.
On 29 September, Few reports pointed out the private text messages of Elon Musk & a legal advisor of FTX CEO SBF, which was disclosed recently in the Twitter vs Elon Musk court battle.
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According to the disclosed Text messages, in March of this year, Will MacAskill, a legal advisor of SBF, asked if there were possibilities whether the FTX CEO could join the Twitter acquisition deal.
Will said:
“I’m not sure if this is what’s on your mind, but my collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world. If you want to talk with him about a possible joint effort in that direction.”
Musk responded and asked the wealth of the FTX CEO. In response, Well said that SBF had worth $24 billion and ready to spend $8-$15 billion on the acquisition.
Later the discussion with the involvement of Michael Grimes, a head of global technology investment banking at Morgan Stanley, confirmed that FTX’s CEO was interested to contribute a total of $5 billion.
Tesla CEO Musk responded to all those requests and indirectly said that he was not interested in SBF’s contribution. Musk said he doesn’t want a “laborious blockchain debate” with SBF.
Read also: Court orders the SEC to hand over “Hinman 2018 Speech” documents
FTX crypto exchange CEO was interested to contribute in Musk’s Twitter acquisition deal
https://bitcoinik.com/ftx-crypto-exchange-ceo-was-interested-to-contribute-in-musks-twitter-acquisition-deal/feed/
https://bitcoinik.com/ftx-crypto-exchange-ceo-was-interested-to-contribute-in-musks-twitter-acquisition-deal/feed/
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