Musk disclosed a 9.2 percent stake in Twitter to the US
Securities and Exchange Commission (SEC) on April 4, a delay of at least 10
days since surpassing the 5 percent threshold for revealing a shareholding, the
report said.
An investor who crosses a 5 percent stake must file a form
with the SEC within 10 days. It serves as an early sign to stakeholders that a
big investor could seek to control the company.
The SEC declined to comment on the report and the Tesla top
boss did not immediately respond to a Reuters request for comment.
Apart from the delay, Musk's April 4 filing also
characterised his stake as passive, meaning he did not plan to take over
Twitter or influence its management or business.
The next day, however, he was offered a position on Twitter's
board, and a couple of weeks later, the world's richest man had clinched a $44
billion deal to buy the social media giant.
Musk, known for his candid Twitter posts, has a long history
of skirmishes with the SEC.
Most recently, a US judge slammed him for trying to escape a
settlement with the SEC requiring oversight of his Tesla tweets.
In April, the Information reported that the Federal Trade
Commission is investigating whether Musk violated a law that requires companies
and people to report certain large transactions to antitrust-enforcement
agencies. © Reuters