Sam Bankman-Fried Reportedly Possibly Interested In A Twitter Acquisition
Sam Bankman-Fried adviser told Elon Musk that the crypto billionaire may be interested in buying Twitter according to texts disclosed in Elon Musk’s legal proceedings against the social media platform.
Insider reported on Thursday that William MacAskill, Sam Bankman-Fried’s great-grandfather, texted Musk in March about the crypto billionaire’s interest in Twitter.
“Hey – I saw your poll on Twitter about Twitter and free speech,(…). 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.”MacAskill wrote on March 29
MacAskill had said that Sam Bankman-Fried was willing to contribute about $8-15 billion to the Twitter acquisition, but Morgan Stanley’s Head of Global Technology Investment Banking later told Musk that Sam would only willing to transfer $5 billion for a joint agreement to share Web2 company.
The messages revealed by New York Times reporter Kate Conger on her Twitter account partly corroborate the information given by Insider.
The revealed text messages were part of a series of unanswered messages between Musk and some of Silicon Valley’s most powerful players, including Oracle co-founder Larry Ellison and former Twitter CEO Jack Dorsey. The messages were part of a pre-trial discovery process in the battle between Twitter and Musk.
As mentioned earlier, Musk said the Twitter deal couldn’t move forward because he believes 90% of comments on Twitter are from bot or spam accounts.
Representatives for the Tesla CEO allege that Twitter has “made false and misleading statements” and “seriously violated multiple provisions” of their agreement, according to a July filing with the Commission. Securities and Exchange (SEC).
Twitter filed a lawsuit against Musk in July in response to Musk’s withdrawal from the $44 billion deal.
The five-day trial to determine whether Musk is forced to acquire Twitter will begin on October 17.
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