Texts Show Roll Call Of Tech Figures Tried To Help Elon Musk In Twitter Deal
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A series of text messages released as part of a legal battle against Elon Musk's attempt to block a Twitter takeover have revealed a frantic effort to strike a $44 billion deal with the help of prominent Silicon backers. Valley.
Hundreds of messages between Musk and his partners dating back to early 2022 show the billionaire businessman interacting with Twitter's management, board and advisors at Morgan Stanley, potential investors such as FTX CEO Sam Bankman-Fried, and occasional fans of your show, including the podcast. Submitted by Joe Rogan.
Former Twitter CEO Jack Dorsey told Musk that he had previously tried to get him on the company's board of directors in 2020, but was turned down, the messages say.
The documents show that when Musk announced his plans for his release in April, several big names offered to support his offer.
During the exchange, Michael Grimes, chief banker at Morgan Stanley, told Musk that Bankman-Fried, the billionaire CEO of cryptocurrency exchange FTX, was willing to invest $5 billion in the deal.
Grimes said Bankman-Fried will work to integrate Twitter's blockchain technology. "If you like him, he can shake hands with 5 people and I think you will," Grimes said in one of the many text messages sent to Musk.
The billionaire rejected the idea and questioned Bankman Fried's finances, asking, "Does Sam really have $3 billion in cash?"
Matthias Dufner, chief executive of German media group Axel Springer, also suggested Musk run Twitter if he buys it in order to "create a real platform for free speech," and write a detailed proposal on how it works.
Larry Ellison, founder of Oracle, claimed he made "$2 billion," while LinkedIn co-founder and partner Reed Hoffman said he could put in the same amount. Ellison ended up contributing $1 billion to the deal.