October 7, 2022
Sci & Tech

Twitter questions rely on Musk’s efforts to derail the $44 billion deal

Twitter questions rely on Musk's efforts to derail the $44 billion deal

WILMINGTON: Elon Musk‘s $44 billion takeover bid for Twitter Inc. is being investigated by Twitter Inc., according to legal experts, who are also trying to unearth evidence that Musk sought to thwart the financing of the acquisition.

Twitter served dozens of civil subpoenas this week on foreign banks, including affiliates of Morgan Stanley, co-investors in the deal like an affiliate of Brookfield Asset Management Inc., and Musk advisers, according to documents filed over the previous two days in the Delaware Court of Chancery.

Morgan Stanley declined to comment. Brookfield did not respond to a request for comment right away. No one could be reached to speak with Musk or Twitter representatives.

The subpoenas ask for emails and records related to the transaction, it’s funding, and any details on “bot,” or false, Twitter accounts. Additionally, they ask the receivers if they have any knowledge of how fluctuations in the stock price of Musk’s electric vehicle manufacturer Tesla Inc. could affect the deal.

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