Crypto Billionaire Asked Musk To Join In Twitter Takeover

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Last Updated on 2 October 2022 by CryptoTips.eu

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More and more details are emerging about the abandoned Twitter takeover of Elon Musk earlier this year. For example, the messages between Tesla founder Elon Musk and Twitter CEO Parag Agrawal clearly show that the duo got along very well while the takeover was in full swing, but from the moment Musk started asking critical questions about Twitter, and especially why celebrities never tweet themselves, the relationship soured.

Interestingly enough, the newly published pieces also show that Sam Bankman-Fried, the founder of crypto platform FTX, contacted Musk in March of this year to take over Twitter together. The deal ultimately fell through and Musk only tried it in May this year, but now wants those acquisition plans annulled by a court.

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Huge amounts of money?

Sam Bankman-Fried, the crypto billionaire who gained wealth by noting the difference between the Bitcoin trade in Japan and the US a decade ago, tried to contact Elon Musk through his adviser Will MacAskill in March of this year.

MacAskill wrote:

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.

Musk responded by asking if Bankman-Fried had “huge amounts of money?”

The adviser replied that Bankman-Fried was worth some $24 billion at the time and would be prepared to invest between 8 and $15 billion for his part in a possible Twitter takeover.

In the end, Musk went it alone, bidding $44 billion for Twitter. The deal fell through because the Twitter board refused to disclose the real number of “false” accounts (read bots).

Sam Bankman-Fried, meanwhile, used his extra cash to take over crypto companies this year and further expand his empire.

AdriaVidal / Depositphotos.com