Diddy helped Elon Musk acquire Twitter for $44 billion in 2022
It turns out Didi was one of the people who helped Elon Musk secure funding for his $44 billion acquisition of Twitter (now renamed TwitterX) in November 2022. Reports circulated at the time that Didi was an investor, but it has now been confirmed.
Recently unsealed court documents named dozens of individuals and entities as shareholders in the social media platform, including Diddy’s Sean Combs Capital LLC.
Other investors included Twitter co-founder Jack Dorsey, Saudi Arabian Prince Waleed bin Talal Al Saud and hedge fund manager Bill Ackman.
It’s unclear whether Didi and other original investors still own shares in the company two years later.
Company X had provided the list of investors in sealed documents after former Twitter employees sued the company last year, alleging that Elon Musk had violated an arbitration agreement by failing to pay certain fees after buying the company.
Lawyers representing the Reporters Committee for Freedom of the Press filed a motion last month seeking unsealing the court documents and were granted the motion on Tuesday (August 20).
Meanwhile, Diddy has been facing legal troubles of his own since November 2023, with several lawsuits filed against him for alleged sexual assault and human trafficking. At the time, his ex-girlfriend, Cassie, filed a shocking lawsuit against him, claiming that he had physically abused her and coerced her into participating in sex trafficking throughout their 10-year relationship. In May, a shocking video of him physically abusing Cassie in a hotel was also released, taking the allegations to a new level.
Since then, numerous men, and one man – producer Rodney “Lil’ Rod” Jones – have come forward with similar allegations against the disgraced Bad Boy Records founder. In March, his homes in Los Angeles and Miami were searched by agents from the Department of Homeland Security. Though no charges have been filed, he is the subject of a federal investigation and a grand jury has reportedly already heard testimony.
[VIA: 1, 2]