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 come to light that Diddy’s investment in X, formerly known as Twitter, played a crucial role in Elon Musk’s acquisition of the platform for $44B in 2022. The newly unsealed list of shareholders reveals that Diddy, under ‘Sean Combs Capital, LLC’, joined forces with other prominent figures such as Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud, and Twitter founder Jack Dorsey.The exact amount that Diddy poured into X remains shrouded in mystery, leaving many to wonder about the extent of his involvement in the deal. As of August 2024, the current status of shareholders in the company is unknown, adding an air of intrigue to the situation. The Washington Post was responsible for making the document public, shedding light on the intricate web of investments behind X.The unmasking of shareholders came about as a result of a motion filed by independent tech journalist Jacob Silverman, who emphasized the importance of transparency in the public domain. The move was authorized by U.S. District Judge Susan Illston, paving the way for a deeper understanding of the stakeholders involved in X. Former Twitter employees have raised concerns about the company’s handling of arbitration agreements post-acquisition by Musk, leading to the revelation of the previously undisclosed list.It is worth noting that Diddy’s connection to Elon Musk predates their involvement in the X deal, as the two were spotted together at Dave Chappelle’s comedy show in 2022. However, Diddy’s reputation has taken a hit in recent times, with allegations of sexual trafficking and assault casting a shadow over his once-glamorous image.Stay tuned for more updates on this intriguing saga and follow us for the latest developments in the tech and business world. Your support motivates us to bring you valuable insights and information to help you stay informed and empowered.
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Source: USA Today
