Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to a court document.
Twitter and Musk are headed for an October 17 trial in
Delaware that should determine whether or not Twitter can force the billionaire
to go through with the acquisition.
Twitter has subpoenaed a host of tech investors and
entrepreneurs connected to Musk, including prominent venture capitalist Marc
Andreessen and David Sacks, the founding chief operating officer of PayPal.
Musk has claimed that Twitter failed to provide adequate
information about the number of fake, or spam bot, Twitter accounts, and that it
has breached its obligations under the deal by firing top managers and laying
off a significant number of employees.
Musk's team expects more information about the bot numbers
to be revealed in the trial court discovery process, when both sides must hand
over evidence.
Twitter argues that Musk's reasons for backing out are just
a cover for buyer's remorse.
Shortly after Musk agreed to pay 38% above Twitter's stock
price, the stock market stumbled and shares of the electric-car maker Tesla,
where most of Musk's personal wealth resides, lost more than $100 billion of
their value.
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