Diddy was one of the investors who helped Elon Musk snag X — back when it was still called Twitter — for $44B in 2022 … according to a newly unsealed list of the platform’s shareholders.
The doc went public Wednesday, listing nearly 100 entities as part-owners.
Diddy was named under ‘Sean Combs Capital, LLC’ alongside other big names like Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud, and Twitter founder Jack Dorsey.
Exactly how much the now-disgraced music mogul invested in X isn’t clear … and as of August 2024, it’s not publicly known who still holds shares in the company.
The Washington Post was the first to make the document public.
The full unmasking comes after U.S. District Judge Susan Illston initially gave the green light for a motion filed by independent tech journo Jacob Silverman.
Silverman has stated he was seeking transparency in the public’s interest. Ex-Twitter employees have claimed in court the company violated their arbitration agreements by not paying them certain fees after Musk took over … prompting the company to file the previously sealed list.
As for Diddy, he was seen with Elon at Dave Chappelle’s comedy show in ’22, so they go back a bit. But times for the rapper have changed since … as he’s now tangled up in sexual trafficking and assault allegation
In a surprising turn of events, it has been revealed that Diddy, along with other prominent investors, played a key role in Elon Musk’s acquisition of X, formerly known as Twitter, for a staggering $44B in 2022. The list of shareholders was recently made public, showcasing nearly 100 entities involved in the deal. Among them, Diddy’s name appeared under ‘Sean Combs Capital, LLC’, sharing the spotlight with notable figures such as Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud, and Twitter’s own Jack Dorsey.The exact amount Diddy invested in X remains shrouded in mystery, leaving many speculating about the extent of his involvement. As of August 2024, the current shareholders of the company have yet to be disclosed, adding an air of intrigue to the situation. The Washington Post was the first to unveil this confidential document to the public, shedding light on the inner workings of this high-profile transaction.The unmasking of the shareholders came to fruition after U.S. District Judge Susan Illston approved a motion brought forth by independent tech journalist Jacob Silverman, who aimed to bring transparency to the forefront for the public’s benefit. Former employees of Twitter have raised concerns about the company’s handling of arbitration agreements post-acquisition, claiming they were denied certain dues following Musk’s takeover. This led to the disclosure of the previously sealed shareholder list, exposing the intricacies of the deal.While Diddy and Elon Musk share a history, having been spotted together at Dave Chappelle’s comedy show in 2022, recent events have taken a darker turn for the rapper. He now finds himself entangled in allegations of sexual trafficking and assault, marking a stark contrast to his once-celebrated image. Stay tuned for more updates on this unfolding story and join us as we strive to deliver valuable insights and information for our audience. Follow us for the latest updates and engaging content that will keep you informed and motivated. Source: The Wall Street Journal.
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Source: The Wall Street Journal