Twitter Claims Elon Musk Is Under Federal Investigation for Buyout Deal Shenanigans
Share and Follow

SpaceX and Tesla CEO Elon Musk is under investigation by federal authorities, including the SEC and the FTC, over his conduct in seeking to acquire Twitter and then attempting to back out of the deal, according to court filings from the social media company.

Via Yahoo/Reuters:

While the filing said he was under investigations, it did not say what the exact focus of the probes was and which federal authorities are conducting them.

Twitter, which sued Musk in July to force him to close the deal, said attorneys for the Tesla Inc CEO had claimed “investigative privilege” when refusing to hand over documents it had sought.

In late September, Musk’s attorneys had provided a “privilege log” identifying documents to be withheld, Twitter said. The log referenced drafts of a May 13 email to the U.S. Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission (FTC).

A court in Delaware recently gave Musk until the end of the month to close an acquisition deal with Twitter if he wishes to avoid a court case, after the billionaire renewed his offer to buy the leftist tech platform for $54.20 a share.

Musk previously backed out of the deal, citing concerns over the stated number of bots on the platform, causing Twitter to sue Musk to go through with the acquisition.

The trial had been set to begin on October 17 — but the new ruling gives Musk some extra time to work things out with Twitter.

Twitter, for its part, accused Musk of delaying tactics to avoid a trial, saying the SpaceX and Tesla CEO refused to “commit to any closing date” when the offer was renewed.

Allum Bokhari is the senior technology correspondent at Breitbart News. He is the author of #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal The Election.

Share and Follow
You May Also Like

Tragic biker tourist mauled to death by brown bear moments after taking smiling selfie and vid with ferocious wild beast

A MOTORCYCLIST was mauled to death by a bear moments after taking…

Musk doubles down on third party threat with Independence Day poll

Tech billionaire Elon Musk on Friday leaned into his proposal for a…

Desperate Putin brainwashing TODDLERS with cartoons starring baby Trump to indoctrinate kids ‘as early as possible’

TWISTED Putin’s brainwashing programme has plunged to new depths with a dystopian…

Oasis Reunites: Liam and Noel Gallagher Stand Together on Stage at Cardiff’s Principality Stadium after 15 Years

Liam and Noel Gallagher have finally arrived on stage at Cardiff’s Principality…

How $45 billion in 'big, beautiful bill' funding aids ICE detention

More than $45 billion in the “big, beautiful bill” that President Trump…

The widow of Diogo Jota has arrived before the funeral of the striker who passed away tragically, with Liverpool players and the rest of the devastated football community getting ready to bid farewell.

The grieving wife of Liverpool footballer Diogo Jota has arrived ahead of his funeral in…

Dark criminal past of historic $167.3m Powerball winner who was arrested days after snatching jackpot & used it for bail

A POWERBALL winner who scored a multi-million dollar prize has spent over…

Trump signals deference to farmers on undocumented workers

President Trump late Thursday signaled deference to farmers in the U.S. who…