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SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal

Elon Musk accepted SBF’s contribution of $100 million prior to acquiring Twitter.Musk ridiculed SBF publicly for seeing his b*****t before FTX’s bankruptcy...
SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal © Reuters. SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal
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  • Elon Musk accepted SBF’s contribution of $100 million prior to acquiring Twitter.
  • Musk ridiculed SBF publicly for seeing his b*****t before FTX’s bankruptcy case.
  • Reports reveal SBF offered Musk $3 billion to $ 10 billion to buy Twitter.

Semafor, a worldwide news analysis platform, recently brought to light vital new insights linked with Twitter CEO, Elon Musk, and the collapsed FTX exchange owner Sam Bankman-Fried (SBF).

In recent findings during SBF’s bankruptcy case, files revealed that two weeks after agreeing to acquire Twitter for $44 billion, Musk texted SBF that same night, inviting him to roll his $100 million interest in the company into a privately held Twitter.

Reportedly, SBF controls a substantial portion of Twitter, which is currently illiquid and heavily in debt. And Musk, who once counted SBF as a financial partner in his efforts to reinvent Twitter, now has publicly distanced from the fallen crypto tycoon. Tesla (NASDAQ:TSLA) owner even ridiculed SBF on Twitter Spaces, just a day after FTX’s bankruptcy was announced.

Musk stated:

“Everyone was talking about him like he’s walking on water and has a zillion dollars,” And that was not my impression… that dude is just — there’s something wrong, and he does not have capital, and he will not come through. That was my prediction.”

The Tesla owner’s forecast definitely proved to be right over time. SBF reportedly went from being a crypto god to being exiled overnight, losing nearly all of his fortune till day.

But, in between all the hubbub, one crucial piece of information Musk conveniently ignored to share was SBF’s investment in Twitter deal. Also, the Twitter CEO personally invited him to contribute $100 million — as previously undisclosed texts reviewed by Semafor revealed.

Consequently, SBF, whom Musk has been constantly throwing shades at, is in fact a partner in Twitter.

According to Semafor, SBF’s advisor William MacAskill approached Musk to encourage a “joint venture.” MacAskill convinced Musk that SBF was willing to spend $3 billion and later up to $10 billion for Twitter.

Moreover, according to Semafor resources, an FTX financial sheet revealed to investors FTX’s Twitter shares as illiquid.

The post SBF Invested $100 Million Prior to Elon Musk’s Twitter Deal appeared first on Coin Edition.

See original on CoinEdition

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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