Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey to back out of his $44 billion deal to buy the company Dorsey helped found, according to court documents. It was done as part of an effort.
Musk, the CEO of Twitter and Tesla, is heading to trial in Delaware on Oct. 17.
Twitter has served subpoenas to a number of tech investors and entrepreneurs associated with Musk, including prominent venture capitalist Marc Andreessen and PayPal founder and COO David Sacks. did.
Musk alleged that Twitter failed to provide enough information about the number of fake or “spambot” Twitter accounts, and fired top managers and laid off a significant number of employees, alleging that the deal could be broken. claimed to have breached its obligations under
Musk’s team hopes that more information about the bot number will be revealed during the trial court’s discovery process, in which both parties must submit evidence.
Twitter argues that Musk’s withdrawal is to hide buyers’ remorse.
Shortly after Musk agreed to pay a price 38% higher than Twitter’s stock, the stock market stumbled, and shares in electric car maker Tesla, where most of Musk’s personal fortune resides, were worth more than $100 billion. I was.