All articles tagged with #twitter acquisition
Elon Musk and former Twitter executives have agreed to settle a $128 million lawsuit over unpaid severance benefits, with the settlement contingent on certain conditions, ending a legal dispute stemming from Musk's acquisition and subsequent firing of Twitter executives.
Elon Musk must testify in the SEC's investigation into his acquisition of Twitter, despite his claims of SEC abuse. The court ruled that Musk's arguments were insufficient to avoid a third deposition, especially after new documents emerged. Musk will testify in person for up to five hours about his Twitter stock purchases and related investments, amid allegations that he delayed disclosure to manipulate stock prices.
Elon Musk has agreed to testify in the SEC's investigation into his $44 billion acquisition of Twitter, waiving his right to appeal a court order. The SEC had previously sued Musk for refusing to testify, accusing him of delaying the investigation. The date of the testimony remains confidential.
Elon Musk borrowed $1 billion from SpaceX in the same month that he acquired Twitter, according to a news exclusive by The Wall Street Journal. The loan highlights the interconnected financial transactions between Musk's various ventures and raises questions about the potential conflicts of interest.