Home » today » News » United States: Elon Musk targeted in an investigation linked to the acquisition of Twitter, the company says

United States: Elon Musk targeted in an investigation linked to the acquisition of Twitter, the company says

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

Twitter said it asked the businessman’s lawyers several months ago to disclose the exchanges he had with federal authorities, but they did not.

The social network filed a motion with a Delaware judge to order Elon Musk’s lawyers to provide the required documents.

At the end of September, the lawyers of the Tesla boss denounced documents protected by the seal of confidentiality. According to Twitter, these are drafts of an e-mail sent in May to the policeman of the American stock exchanges – the Securities and Exchange Commission (SEC) – and a presentation document to the Federal Trade Commission (FTC), the antitrust authority. US.

Twitter filed the motion on October 6, the day a court postponed the start of a trial between the social network and Elon Musk to give them more time to finalize the acquisition.

Alex Spiro, one of Elon Musk’s attorneys, told Reuters that “these are the Twitter executives who are under federal investigation.” The social network declined a request for comment following this 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)

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.