Newly unsealed court documents reveal that Sean “Diddy” Combs played a key role in Elon Musk’s acquisition of Twitter.
Disclosures released as part of a lawsuit against Musk and his app revealed that Didi was a shareholder. Through Sean Combs Capital LLC, Didi invested an undisclosed amount in Musk’s $44 billion acquisition of the company. Didi’s firm is one of roughly 100 entities providing funding to help the Tesla founder buy the app.
After a difficult acquisition, Musk became the owner of Twitter in October 2022. Under his leadership, he quickly fired most of the employees and renamed the platform X, although most users still call it Twitter. Former employees sued Musk, accusing him of violating an arbitration agreement by refusing to pay certain fees after acquiring the site. Diddy’s involvement came to light during a recent hearing in the case.
Since the producer’s sexual assault scandal, which began with a lawsuit from Cassie in November 2023, many of his business deals have fallen apart, with many companies distancing themselves from the disgraced bad boy mogul. However, it’s unclear if Diddy still owns a stake in Musk’s site.
Other shareholders include billionaire hedge fund manager Bill Ackman, Saudi Arabian prince Waleed bin Talal Al Saud and even Twitter founder Jack Dorsey.
Musk has not spoken publicly about his current relationship with Diddy.
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