![]() ![]() Your CNN account Log in to your CNN account “It won’t make sense to buy Twitter if we’re headed into WW3,” Musk said. In a May 8 message to Grimes, Musk said that the deal process should “slow down just a few days” ahead of a speech by Russian President Vladimir Putin the following day that many worried could escalate the war in Ukraine to other countries. The new filing also includes a text from Musk to Grimes that was referenced in a hearing earlier this month by Twitter lawyers, who claim that Musk exited the deal not because of his worries about bots but because he was concerned about the stock market decline and geopolitical issues, neither of which would be legitimate reasons to terminate the agreement. Musk’s banker Michael Grimes suggested crypto billionaire wunderkind Sam Bankman-Fried as an investor who could also help advance Musk’s vision of a Twitter built on the blockchain, the technology underpinning cryptocurrencies. Sacks suggested that former Michigan congressman Justin Amash should be involved in Twitter’s content moderation efforts. In the days after the acquisition deal was announced, Musk discussed ideas for the platform with a host of characters, including LinkedIn co-founder Reid Hoffman, Microsoft CEO Satya Nadella and tech investor David Sacks. Someone identified in Musk’s texts as “BL Lee” suggested venture capitalist Bill Gurley as Twitter’s new CEO.Įlon Musk pauses and looks down as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022. ![]() Musk and investor Jason Calacanis discussed the latter becoming a strategic advisor or board member. ![]() Musk also messaged with bankers and potential investors such as his brother, Kimbal Musk, and Ellison, the billionaire founder of Oracle, in an effort to line up financing for the deal, as well as potential leaders for the new company if his acquisition bid succeeded. If you do, we should throw one hell of a party.” In a text on April 23, two days before the deal was announced, the controversial podcast host Joe Rogan said to Elon Musk: “I REALLY hope you get Twitter. Making the deal – and a vision for Twitter’s futureĪfter Musk’s initial investment in Twitter was made public, and with speculation mounting about a possible takeover deal, the billionaire began to receive input from some prominent outside voices. The two sides are set to go to trial over the deal next month. Twitter then sued Musk to compel him to follow through with the deal. A little more than two months later, Musk said he wanted out of the deal, citing concerns about the number of bot and spam accounts on the platform. Musk and Twitter announced an acquisition agreement on April 25. On April 9, Musk tweeted a question: “Is Twitter dying?” Agrawal followed up that day with a text letting Musk know such comments would make the CEO’s life difficult. ![]() Agrawal also expressed excitement in private texts about Musk joining the board.īut the relationship between Musk and the Twitter CEO appeared to sour quickly. In a text exchange with Musk later that day, Dorsey expressed confidence in Parag Agrawal, his successor as Twitter’s CEO. On April 5, Musk agreed to join the company’s board, a move that Dorsey championed publicly and privately. In the days following his private chat with Dorsey, Musk met with Twitter’s board and leadership. The messages also offer a unique window into Silicon Valley deal-making, as a rotating cast of billionaires and industry execs - from Larry Ellison and Marc Benioff to members of the Murdoch family - slide into Musk’s text messages to discuss Twitter and, in some cases, casually offer financial backing for the deal. The private exchanges between Dorsey and Musk are among the many text messages released in court filings this week, offering new insight into the Tesla CEO’s agreement to buy Twitter for $44 billion and his attempt later to back away from the deal. ![]()
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