Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: The Lebanese army refuses to evacuate the Martyr Mohammed Farhat barracks, located 200 meters from the threatened building in Kfardounine.
The Israeli occupation forces issued a new bombing threat to the town of Zawtar al-Sharqiya in southern Lebanon.
Al Mayadeen English: Israeli warplanes launch two airstrikes on the town of Tyre, Aita al-Jabal, in southern Lebanon.
Lebanese Ministry of Health: One martyred, 8 wounded in the Israeli airstrike that targeted Toura, south Lebanon, earlier in the day.
Israeli media citing high military official: No plans to escalate, no special instructions to "residents in the North."
Israeli media: Israeli Security Minister Israel Katz designates border region with Egypt "closed military zone."
Al Mayadeen's correspondent in South Lebanon: Injuries reported after an Israeli aircraft struck a lumber mill between the towns of Toura and al-Abbasiya
Al Mayadeen's correspondent in South Lebanon: Israeli aircraft launch strike on outskirts of Toura, Tyre district.
Hezbollah: We pledge to remain in position of honor, dignity, and righteousness, to defend our land, our people, and the aspirations of future generations.
Hezbollah: We highly value patience of our steadfast and proud people, who endure oppression and aggression alongside us in the hope of preserving national sovereignty and dignity.

Elon Musk under federal investigation over Twitter deal

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Oct 2022 12:01
  • 1 Shares
5 Min Read

Elon Musk is being investigated by US federal authorities in connection with the $44 billion takeover of Twitter, according to the social media giant.

  • x
  • Elon Musk. Source: Anadolu Agency via Getty Images.
    Elon Musk. Source: Anadolu Agency via Getty Images.

Tech billionaire Elon Musk is being investigated by the FBI in connection with his $44 billion takeover of Twitter. The information came from a court filing made public on Thursday about the latest in the billionaire's ongoing legal battle with the social network.

While the filing stated that he was being investigated, it did not specify the nature of the investigation. "This game of 'hide the ball' must end," the company said in the court filing.

Twitter, which sued the SpaceX chief in July to force him to close the deal, said Musk's lawyers claimed "investigative privilege" when refusing to turn over documents it requested.

It also stated that it had requested months ago that Musk's attorneys produce their communications with federal authorities, but that they had not done so.

Read next: Musk launches new perfume to fund Twitter purchase

Musk's attorneys provided a "privilege log" in late September, identifying documents to be withheld. The log referred to drafts of an email sent to the US Securities and Exchange Commission (SEC) on May 13 - the American regulator in charge of enforcing market manipulation laws.

It also referred to a slide presentation given to the Federal Trade Commission, whose primary mission is to promote antitrust law and consumer protection.

The court request was made on the same day that the court granted a stay of proceedings to allow Twitter and Musk to complete the takeover deal.

Questions over the deal

The SEC has repeatedly questioned Musk's comments about the Twitter acquisition. It first questioned him in April about whether his 9% Twitter stake was disclosed late and why it indicated that he intended to be a passive shareholder. Musk later amended his disclosure to reflect that he was an active investor.

The SEC asked Musk in a letter in June whether he should have amended his public filing to reflect his intention to suspend or abandon the deal.

Related News

US officials say no legal grounds for strikes on Venezuela

US moves toward securing military foothold at Damascus airbase

Read next: Tesla stockholders ask judge to silence Musk in fraud case

An attorney for Musk, Alex Spiro, told Reuters that Twitter's court filing was a "misdirection".

"It is Twitter's executives that are under federal investigation," he said. Twitter declined to comment on the statement.

The filing comes as the months-long saga of Musk's proposed Twitter acquisition continues, in which the billionaire proposed a takeover, backed out of the deal, and was then sued by Twitter to keep his word. The billionaire's side then announced that he would proceed with the deal, just days before a trial to force the purchase.

Musk vs. Twitter 

Earlier this month, Musk proposed to Twitter that he would move in a different direction and abide by his April agreement to buy all of Twitter's shares for $54.2 each if the company drops its lawsuit against him.

Musk's proposal conditioned that the deal closing was pending the receipt of the necessary debt financing. According to the source that requested to remain anonymous, the potential deal would likely remove that condition.

His lawyers and Twitter's legal team informed the judge of their attempts to try to overcome mutual distrust and find a way to close the deal.

Shares of Twitter closed down 0.7% at $51.63 on October 5 afternoon. On October 4, the stock hit its highest level since Musk and Twitter agreed that he would buy the company in April.

In July, Musk walked away from his $44 billion buyout deal because of repeated violations of the agreement, as he claimed, adding that Twitter did not provide adequate information on the quantity of spam and false accounts.

Part of Musk's case was based on claims by Twitter whistleblower Peiter Zatko that became public in August.

Twitter's legal team has wanted to look into whether Quinn Emanuel's lawyer Alex Spiro, communicated with the whistleblower as early as May. The law firm said in court filings its lawyers did not communicate with Zatko or his representatives.

According to court documents, Twitter unveiled an anonymous May 6 email to Spiro from "a former Exec at Twitter leading teams directly involving Trust & Safety/Content Moderation," who offered to communicate "via alternate means."

Zatko, better known as "Mudge", who headed Twitter security before being fired in January, denied under oath having communicated with Musk or his attorneys at Quinn Emanuel.

The judge, Chancellor Kathaleen McCormick of Delaware's Court of Chancery, said in a Monday ruling it is "at least plausible" Mudge sent the anonymous email. She ordered Spiro to file a statement with the court clarifying his actions regarding the May 6 email.

  • United States
  • Elon Musk
  • Twitter
  • FBI

Most Read

People walk past a domestically-built missile "Khaibar-buster," and banners showing portraits of Iranian Leader Ayatollah Ali Khamenei, center, and the late armed forces commanders at Baharestan Square in Tehran, Thursday, September 25, 2025

IRGC reveals new details on Haniyeh assassination and Iran’s response

  • Politics
  • 3 Nov 2025
Jimmy Wales speaking in Montreal, April 11, 2016. (AP / PA Images)

Wikipedia founder comments on Gaza genocide article sparks backlash

  • Politics
  • 3 Nov 2025
Gaza and the death of morality (Photo by Mahdi Rtail)

Gaza and the death of morality

  • Politics
  • 31 Oct 2025
The US and Puerto Rican flags. (AFP)

US imposes flight restrictions off Puerto Rico under Pentagon orders

  • Politics
  • 31 Oct 2025

Coverage

All
War on Gaza

Read Next

All
A U.S. C-130 Hercules transport aircraft is on display at the Paris Air Show, Wednesday, June 18, 2025 in Le Bourget, north of Paris. (AP Photo/Thibault Camus)
Politics

US moves toward securing military foothold at Damascus airbase

Alain Minc slams Macron’s legacy, warns of far-right surge
Politics

Macron's mentor calls him 'worst' president, warns of far-right surge

The new British Army Ajax armoured fighting vehicle on dispaly at the DSEI exhibition of military equipment in London, on September 9, 2025. (AP Photo/Alastair Grant)
Politics

UK delivers first Ajax armored vehicles after eight-year delay

Impact of the UPS MD-11 cargo plane crash after it took off from Louisville Muhammad Ali International Airport
US & Canada

Kentucky UPS cargo plane crash death toll rises to 12, 15 injuries

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS