According to recently leaked messages, an adviser close to crypto billionaire Sam Bankman-Fried (SBF) was in touch with Elon Musk regarding an expressed interest in acquiring Twitter.
According to a Business Insider report published on September 28, Sam Bankman Fried’s top adviser, Will MacAskill, allegedly informed Elon Musk that SBF was “potentially interested” in buying the social media platform.
According to the report, this information is taken from a series of private text messages that have come to light as part of the disclosure proceedings of the legal case between Elon Musk and Twitter. MacAskill reached out to Musk in March, messaging him about SBF’s potential interest in Twitter:
He reportedly referred to Musk’s Twitter poll regarding free speech, adding:
“I don’t know if that’s what you’re concerned about, but my collaborator Sam Bankman-Fried has been potentially interested in buying this network for a while and then turning it into a better use for the world. In case you would like to speak with him about a possible joint effort in this direction”.
Immense funds
In his response, Elon Musk asked if Bankman Fried had “tremendous amounts of money”. The adviser reportedly said SBF was worth around $24 billion and could bring in between $8 billion and $15 billion for the buyout. According to Forbes, the FTX founder’s “real time net worth” is currently closer to $17 billion.
However, those moves were unsuccessful, and Musk withdrew his $44 billion takeover bid in July, saying Twitter was unable to provide full information about spam and bots.
Other text messages and messages have also come to light recently between the billionaire Tesla boss and various industry leaders, including Twitter CEO Parag Agrawal, former CEO Jack Dorsey and Oracle Chairman Larry Ellison.
Sam Bankman-Fried goes shopping
Bankman-Fried’s interest in the social media platform is unsurprising, considering its recent flurry of corporate acquisitions. Indeed, the crypto billionaire has taken over several currently struggling digital asset companies, expanding his crypto empire in the process.
Earlier this week, its crypto exchange FTX won the auction to buy Voyager Digital’s assets for $1.4 billion. On September 29, Voyager’s attorney filed a proposed settlement to authorize its sale to FTX US.
According to CrunchBase, SBF’s research and venture capital firm, Alameda, has made 181 investments since its inception in 2017. Similarly, FTX has reportedly made 22 additional investments.
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