SpaceX agrees to acquire EchoStar's AWS-4 and H-block spectrum licenses for up to $8.5B in cash and up to $8.5B in stock, resolving an FCC inquiry into EchoStar
SpaceX, the Elon Musk-backed company that owns the Starlink satellite internet network, agreed to acquire wireless spectrum …
Digital asset platform Tron plans to go public via a reverse merger with Nasdaq-listed SRM Entertainment, after the US paused a probe into founder Justin Sun
Deal involving Justin Sun's digital asset venture orchestrated by investment bank linked to Trump's sons
Used car marketplace Carvana, whose stock fell from $360 to $4, has now rallied to $86, avoiding a financial abyss after restructuring its $9B debt in 2023
Sujeet Indap / Financial Times : X: @sindap X: Sujeet Indap / @sindap : NEW: At the beginning of 2023, Carvana was a $4 stock and circling bankruptcy. 15 months later it's at $86....
X Corp. sues Wachtell to recover most of the $90M fee the law firm received from Twitter for defeating Elon Musk's bid to walk away from his $44B Twitter buyout
https://www.reuters.com/... Also, I can't imagine living life this way, especially when you're so wealthy. — If he was a different person, he could be building libraries, donati...
X Corp. sues Wachtell to recover most of the $90M fee the law firm received from Twitter for defeating Elon Musk's bid to walk away from his $44B Twitter buyout
Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter …
An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried
Identify Over $3.2 Billion in Transfers to Founders and Key Employees — Forensic Work Continues on Intercompany and Other Transactions
Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5
- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.
A 116-page bankruptcy document lists FTX's creditors, including AWS, Apple, Meta, LinkedIn, Netflix, Binance, the WSJ, and the Prime Minister of the Bahamas
FTX identifies ~$5.5B in “liquid” assets for recovery, including $415M in “unauthorized third-party transfers” possibly tied to a hack found after its collapse
- FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
FTX identifies ~$5.5B in “liquid” assets for recovery, including $415M in “unauthorized third-party transfers” possibly tied to a hack found after its collapse
- FTX has identified about $5.5 billion worth of digital assets for recovery, a number that includes $415 million in “hacked crypto.”
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries
When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more
Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
BlockFi sues Sam Bankman-Fried's Emergent Fidelity Technologies to seize Robinhood shares that SBF had pledged as collateral under an agreement on November 9
Complaint against FTX founder comes as crypto company becomes the latest to seek bankruptcy protection
Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”
The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
SEC filing: Jack Dorsey rolled over his remaining 2.4% stake in Twitter, worth $1B+, into X Holdings, which Elon Musk didn't have to pay to acquire the company
- Dorsey left his second stint as CEO of Twitter last year. — A co-founder of the platform and friend of Musk, he's been supportive of the $44 billion takeover.
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in late March 2022, falling apart in July, and closing late on October 27
Financial Times :
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in March, falling apart, and then closing late on October 27
Even as his $44bn buyout came down to the wire, Elon Musk kept Twitter guessing. — Normally, lawyers and advisers on each side …
Source: Elon Musk plans to lay off 25% of Twitter's workforce in the coming days, focusing on sales, product, engineering, legal, and trust and safety
The first round of layoffs, led by his lawyer Alex Spiro, will target 25 percent of the workforce — SAN FRANCISCO …
A roundup of Elon Musk's newly released text messages show the inner workings of Silicon Valley dealmaking and how Musk lost interest in his Twitter acquisition
Newly released text messages shine a light on how tech's most powerful do business — and perhaps why Musk lost interest in Twitter.
Lawyers in the Celsius bankruptcy are examining Tether recovering an $840M USDT loan, highlighting an uncertain area of bankruptcy law for crypto companies
Kadhim Shubber / Financial Times : Tweets: @sindap , @kadhim , @bitfinexed , @alexhern , @shortl2021 , @kadhim , @kadhim , @alexhern , @lhm1 , and @kadhim Tweets: Sujeet Indap / @...