USA: Elon Musk, target of investigation in connection with takeover of Twitter, company says

USA: Elon Musk, target of investigation in connection with takeover of Twitter, company says

WILMINGTON, Delaware (Reuters) – Elon Musk faces a federal investigation in the United States in connection with his bid to buy Twitter for $44 billion, the social network said in a court document released on Thursday.

Twitter said it asked a few months ago that the businessman’s lawyers disclose exchanges with federal authorities, but they didn’t.

The social network has filed a motion for a Delaware judge to order Elon Musk’s attorneys to provide the requested documents.

At the end of September, the Tesla boss’s lawyers reported documents protected by the non-disclosure seal. According to Twitter, these are drafts of an e-mail sent in May to the police officer of the American stock exchanges – the Securities and Exchange Commission (SEC) – and a presentation document to the Federal Trade Commission (FTC), the US -Cartel authority.

Twitter filed the request on Oct. 6, the day a court delayed the start of a trial between the social network and Elon Musk to give them more time to complete the acquisition.

Alex Spiro, one of Elon Musk’s lawyers, told Reuters that “it’s Twitter executives that the federal government is investigating.” The social network declined a request for comment after the statement.

The SEC and FTC did not respond to requests for comment.

(Reporting Tom Hals, with Sheila Dang and Hyunjoo Jin; written by the Paris office)

Reference: www.challenges.fr

It is always my pleasure to provide insightful information on important topics and if you have learned something from my article then I thank you for taking the time to share it with your friends or family.

We put a lot of heart and invest a lot of time trying to bring you the most interesting articles.
You would encourage us to do it even better in the future. Thank you!

Related Posts: