Elon Musk investigated by federal authorities over the $44 billion Twitter deal, the company says | Businessinsider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Elon Musk investigated by federal authorities over the $44 billion Twitter deal, the company says.

In a letter addressed to Judge Kathaleen St. Jude McCormick on October 6, Twitter requested the court compel Musk's team to hand over any correspondence with federal authorities. The request was made the same day that McCormick put the Twitter v. Musk trial"This game of 'hide the ball' must end," the company said in the letter."Twitter wants those documents, because they bear upon key issues in this litigation.

Twitter and Musk's representatives did not immediately respond to Insider's request for comment made outside normal working hours. The company did not specify in the letter the exact focus of the investigation, or which federal authorities were conducting them. The letter did, however, reference communications between Musk, the US Securities and Exchange Commission, and the Federal Trade Commission.to Musk asking him to explain the delay in disclosing his 9.2% stake in the company.that Twitter's court filing was a"misdirection," adding:"It is Twitter's executives that are under federal investigation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk under federal investigation tied to Twitter deal - Twitter court filing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing made public on Thursday. congrats elonmusk This is going yo be interesting ... Told you that the FBI is doing 'politically motivated' investigations nowadays . . . . .
Source: SABCNews - 🏆 37. / 51 Read more »

SA's economic growth will benefit from Taiwanese high tech based trade and investment capacity | The CitizenEconomic growth and the 4thIndustrialRevolution will enable South Africa to tap into Taiwanese high technology-based trade and investment capacity. 📈 Read more here: 👇
Source: TheCitizen_News - 🏆 6. / 75 Read more »