SOCIAL MEDIA
How much did P Diddy invest in Elon Musk’s Twitter bid?
The X chief has been attacking Diddy online but recent court filings have shown the two have worked on business deals and were “very close”.
Elon Musk has recently taken to X (formerly Twitter) to publicly scrutinize Sean “Diddy” Combs amid serious allegations against the hip-hop mogul. Diddy faces over 120 lawsuits related to sexual violence and Musk has been online making accusations about other celebrities potentially linked to the case.
However, Sean “Diddy” Combs has been revealed as one of the investors in Elon Musk’s $44 billion acquisition of Twitter, now known as X Corp. This surprising information came to light through recently unsealed court documents in a federal court ruling.
It is believed he invested $10 million in the takeover.
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How was the information gathered?
The disclosure was part of a list of nearly 100 shareholders connected to Musk’s purchase of the social media platform in 2022. Sean Combs Capital, one of the many business entities linked to the music industry titan, was listed as a stakeholder in X Corp.
The court-ordered disclosure came as a result of a lawsuit filed by former Twitter employees, who accused Musk of violating their arbitration agreements.
Musk himself had previously alluded to Diddy’s involvement during a conversation with Revolt CEO Detavio Samuels.
When addressing concerns about the surge in racist content following his takeover, Musk mentioned, “I don’t know if you know this, but Puff is an investor in Twitter. You know, he’s a good friend of mine. We text a lot.”