According to Business Insider, in March, Sam Bankman Fried’s top advisor to FTX exchange CEO Will MacAskill contacted Ilon Musk and said that they were interested in buying Twitter. This was revealed through correspondence that was made public during Musk’s court hearing with Twitter.
Bankman-Fried was willing to invest between $8 billion and $15 billion. The amount was later adjusted to $5 billion.
MacAskill also met with Morgan Stanley representative Michael Grimes in April about the preparation of the deal.
Earlier, Elon Musk put forward an offer to buy Twitter for $44 billion, and the company’s management approved the deal. However, Musk claimed that he was provided with untruthful information on fake accounts. After that, Twitter sued Musk for deliberately disrupting the deal.