FTX crypto exchange CEO was interested to contribute in Musk’s Twitter acquisition deal


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. 

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.

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