Bloomberg News reported tonight that Elon Musk is under investigation related to his Twitter acquisition.
“Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter, lawyers on behalf of the social-media company wrote in a court filing in Delaware,” Bloomberg tweeted.
Read the letter from Twitter attorneys here:
From Bloomberg:
Twitter Inc.’s lawyers tried again last week to learn what Elon Musk had told federal authorities who were investigating his attempt to take the social media company private.
Attorneys for Twitter wrote to a Delaware judge on Oct. 6 saying they needed documents about the probes, according to a letter unsealed in court Thursday. Musk had by that point reversed himself on walking away from the $44 billion takeover, but he and the social media company were still adversaries in court — and their fight had not yet been officially put on hold.
Twitter officials had been pushing since July for their counterparts on the Musk side to turn over “all communications with any governmental authority concerning the merger.” The billionaire’s lawyers sought to limit their hand-over of files about contacts with the government, citing confidentiality rules around communications with attorneys.
“This game of hide-the-ball must end,” Twitter’s lawyers said in the unsealed filing. “Twitter therefore seeks the court’s assistance in obtaining” the files about the Musk side’s contacts with government regulators.
…
Alex Spiro, a lawyer for Musk, on Thursday called the letter a “misdirection by Twitter.”
“It’s actually Twitter’s executives that are under federal investigation,” he told Bloomberg News, without explaining further.
Twitter officials denied Thursday that the company is under investigation by federal authorities.
