SBF may cash out up to $100 million from Musk's acquisition of Twitter
ChainCatcher news, according to The Block, FTX founder and CEO Sam Bankman-Fried (SBF) had planned to participate in Musk's acquisition of Twitter but ultimately did not invest. Before Musk completed the acquisition, SBF held a stake in Twitter worth between $50 million and $100 million. Musk paid $44 billion to take Twitter private, meaning SBF held a stake of 0.1% to 0.2%.
It is reported that SBF's advisor Will MacAskill attempted to arrange a meeting between SBF and Musk, stating that SBF was willing to commit $5 billion to help acquire Twitter, but Musk seemed uninterested in the deal. (The Block)
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