According to the private messages presented to the court by Elon Musk, who has a legal battle to buy Twitter cryptocurrency and bitcoin stock market of FTX An adviser to CEO Sam Bankman-Fried told Musk they were “potentially interested” in buying Twitter.
Cryptocurrency Exchange FTX Discusses Acquisition of Twitter with Elon Musk
Bankman-Fried senior adviser Will MacAskill texted Musk in March regarding the crypto billionaire’s interest on Twitter:
“Hi, I saw your poll on Twitter about Twitter and freedom of expression.
I’m not sure if that’s what you have in mind, but my partner Sam Bankman-Fried has been interested in potentially buying Twitter for a while and then making it better for the world. If you would like to talk to him about a possible joint effort in this direction, you can reach us.”
Musk responded to the message by asking if Bankman-Fried, who has a net worth of $9.44 billion according to the Bloomberg Billionaires Index, has “a lot of money.”
At this point, MacAskill said that the co-founder and CEO of FTX has a net worth of about $24 billion and can contribute between $8 billion and $15 billion.
During the call, MacAskill sought to arrange a meeting between the two billionaires and Bankman-Fried, and later in April discussed financing with Morgan Stanley banker Michael Grimes.
Grimes told Musk on April 25 that Bankman-Fried was willing to commit up to $5 billion.
“Genius and Finisher Like You”
Grimes also texted Musk the following about Sam Bankman-Fried:
“I believe you will love it. Ultra genius and fixer like you. He built FTX from the ground up after MIT physics major. It is second only to Bloomberg in donations to the Biden campaign.”
Musk didn’t seem too interested in the deal, saying he didn’t want to “get into a grueling Blockchain discussion” with Bankman-Fried.
When funding for Musk’s Twitter deal was announced in a financial filing on May 4, neither Bankman-Fried’s name nor his company, FTX, were on the list.
The last message shared publicly between Musk and Bankman-Fried was on May 5, where Musk asked Bankman-Fried, “Sorry, who is sending this message?” It was the message he wrote.
The five-day trial, which will determine whether Musk will be forced to buy Twitter, will begin on October 17.
*Not investment advice.
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