Elon Musk, the world's richest man, is set to be deposed today by Twitter's attorneys in what will set the stage for their October battle in court.
Elon Musk, the world's richest man, was set to be deposed Monday by Twitter's attorneys in what will set the stage for their October battle in court.
As of Sunday, it was unclear whether or not Musk would be at the deposition in person. It was scheduled for Monday and Tuesday, with the possibility it could extend into Wednesday. In April, Twitter’s board of directors accepted Musk’s offer to buy the company for $44 billion, or $54.20 per share. Musk indicated in July that he wanted to back out of the deal, alleging the San Francisco-based social media platform has more spam and bot accounts than it acknowledges.
Twitter alleges Musk is using the spam-bot issue to scrap the deal because it has become more expensive for him personally given the sharp drop in Tesla’s stock price. The company
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Elon Musk faces deposition with Twitter lawyersTesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must carry through with his $44 billion agreement to acquire the social platform after attempting to back out of the deal.
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Elon Musk faces deposition with Twitter ahead of October trialTesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine...
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Elon Musk faces deposition with Twitter ahead of October trialWILMINGTON, Delaware — Tesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must carry through with his $44 billion agreement to acquire the social platform after attempting to back out of…
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