Newly unveiled court documents have revealed that Sean “Diddy” Combs played a crucial role in Elon Musk’s Twitter purchase.
In disclosures unveiled as part of a lawsuit against Musk and his app, it was revealed that Diddy was a shareholder. Under his Sean Combs Capital, LLC, Diddy invested an undisclosed amount into Musk’s $44 billion purchase of the company. Diddy’s corporation is among almost 100 groups that put up money to help the Tesla founder buy the app.
After a bumpy acquisition, Musk became the owner of Twitter in October 2022. Under his leadership, he quickly laid off a large portion of his workforce and rebranded the platform as X, though most users still refer to it as Twitter. Former employees have sued Musk, accusing him of violating their arbitration agreements by refusing to compensate them certain fees after he purchased the site. It was during recent proceedings of this lawsuit that Diddy’s involvement came to light.
Since the producer’s sexual assault scandal began in November 2023 with a lawsuit from Cassie, many of his business dealings have crumbled. Numerous companies have distanced themselves from the disgraced Bad Boy mogul. However, it’s unclear if Diddy still owns his stake in Musk’s site.
Other stakeholders include billionaire hedge fund manager Bill Ackman, Saudi Prince Al Waleed bin Talal Al Saud, and even Twitter founder Jack Dorsey.
Musk has not spoken publicly about his current relationship with Diddy.
