Tesla CEO Elon Musk is facing investigation by federal authorities after announcing the $44 billion deal to take over Twitter, claims the latter
Tesla CEO Elon Musk is being investigated by federal authorities over his $44 billion takeover deal of Twitter, the micro-blogging platform revealed in a court filing.
The court filing, submitted at the Delaware Chancery Court in the US late on Thursday, however did not reveal which federal agencies are probing Musk in connection with the deal, reports the CNN.
Twitter’s filing said US federal authorities are looking into Musk’s „conduct“ linked to the deal.
Twitter also accused Musk’s legal team of „failing to produce draft communications with the Securities and Exchange Commission (SEC) and a slide presentation to the Federal Trade Commission as part of the two sides‘ ongoing litigation over whether Musk can walk away from the deal“, the report mentioned.
