Elon Musk Under Federal Investigation Over $44 Billion Deal: Twitter

Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter Inc, the social media company said in a court filing made public on Thursday.

The social media company said in a court filing published Thursday that Elon Musk is the subject of a federal investigation related to a $44 billion acquisition of Twitter Inc.

Twitter said it had requested months ago that Musk's lawyers provide their communications with federal authorities but they have not done so.

He asked a Delaware judge to order attorneys to submit the documents.

In late September, Musk's lawyers filed a "record of privileges" to determine which documents should be withheld from discovery. The record noted drafts of a May 13 email to the US Securities and Exchange Commission and a slide presentation to the Federal Trade Commission,

Twitter said.

"This 'hide the ball' game must end," the company said in the court filing.

Musk's lawyer did not immediately respond to a request for comment.

Twitter's court order was filed on October 6, the same day a Delaware judge blocked the lawsuit to allow Twitter and Musk to close the acquisition deal.

The Securities and Exchange Commission questioned Musk's comments about the Twitter acquisition.

In April, the Securities and Exchange Commission asked Musk if it was too late to disclose his 9% stake in Twitter and why it indicated he intended to be a passive contributor. Musk later re-disclosed to indicate that he is an active investor.

in June,

The Securities and Exchange Commission asked Musk in a letter whether he should amend his public filing to reflect his intent to suspend or abandon the deal.

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