FTX chief Sam Bankman-Fried invested in Twitter from $50 million to $100 million before the social network closed the purchase by Elon Musk. The Block writes, citing informed sources.
Bankman-Fried’s stake was estimated at 0.1%–0.2%.
On October 28, the founder of Tesla closed the deal to buy Twitter for $44 billion. On that day trading of the platform’s shares was halted. On November 8 they will be delisted.
By the end of September it emerged that Bankman-Fried was «potentially interested» in financing the Musk deal and allegedly planned to allocate $5 billion.
FTX chief adviser Will MacAskill tried to arrange a meeting with the billionaire, but the latter doubted Bankman-Fried’s ability to provide the sum. According to Axios, the exchange’s head declined the initiative after a telephone call with Musk.
A competitor to FTX, the Binance exchange, took part in the deal. At a purchase price of $44 billion, its stake could be valued at about 1.1%.
Earlier in May Musk indicated in an SEC filing that Binance provided him $500 million for the Twitter purchase. On 25 October the platform’s Changpeng Zhao подтвердил his intention to finance the deal.
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