Twitter Vs Elon Musk: SpaceX boss accused of hiding secret late-night texts to business mogul from court

Micro-blogging site Twitter claims Elon Musk hid late-night texts he sent to business mogul Larry Ellison before halting a deal to purchase it.

Agencies
Twitter has accused Elon Musk of hiding late-night texts he despatched to enterprise mogul Larry Ellison earlier than pausing a deal to purchase the social media platform. Before Elon Musk announced that he was putting the $44bn purchase "temporarily on hold," Tesla titan Elon Musk and Oracle co-founder Larry Ellison texted "into the easy morning hours," a court filing shows.

It is reported that Elon Musk texted the business mogul on May 12 and 13 until midnight, according to a Twitter court filing from September 16.

In the following four hours, Mr. Musk tweeted that he would not proceed with the deal unless he had more information about fake accounts and bots.



Twitter shareholders approve Musk's $44bn takeover deal
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Twitter shareholders approved Tesla chief Elon Musk's $44 billion bid to buy the social media platform.

Twitter shareholders approved Tesla chief Elon Musk's $44 billion bid to buy the social media platform.

Musk's offer of $54.20 per share was substantially higher than its current trading price, below $42.

Musk's offer of $54.20 per share was substantially higher than its current trading price, below $42.

Twitter has forged ahead with the deal, despite Musk's attempts to back out because of some problems with the company's business.

Twitter has forged ahead with the deal, despite Musk's attempts to back out because of some problems with the company's business.

The vote took place during a short virtual meeting after brief remarks by Twitter CEO Parag Agrawal.

The vote took place during a short virtual meeting after brief remarks by Twitter CEO Parag Agrawal.

Musk has been locked in a bitter legal battle with Twitter since announcing in July that he was pulling the plug on the deal.

Musk has been locked in a bitter legal battle with Twitter since announcing in July that he was pulling the plug on the deal.

Twitter had sued Musk over the breach of contract and the vote will allow Twitter to force him to buy the company in court.

Twitter had sued Musk over the breach of contract and the vote will allow Twitter to force him to buy the company in court.

His attorneys had earlier requested to amend his counterclaims after a whistleblower complaint surfaced regarding Twitter's security practices.

His attorneys had earlier requested to amend his counterclaims after a whistleblower complaint surfaced regarding Twitter's security practices.

Former Twitter security chief Peiter Zatko had made allegations of wrongdoings including "Twitter's tracking and measurement of user engagement."

Former Twitter security chief Peiter Zatko had made allegations of wrongdoings including "Twitter's tracking and measurement of user engagement."

Notably, In 2011, Twitter vowed not to use information gathered for security purposes, to help advertisers target people with ads.

Notably, In 2011, Twitter vowed not to use information gathered for security purposes, to help advertisers target people with ads.


Elon Musk notified the Securities Exchange Commission on July 8 that he was backing out of the purchase.

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On September 16, Twitter wrote to the Delaware Court of Chancery claiming that Elon Musk's lawyers did not provide the subpoenaed messages.

The social media company also subpoenaed Mr. Ellison August, a former Tesla board member. There has been a long-standing friendship between Mr. Musk and Mr. Ellison, who pledged a $1 billion investment in his friend's Twitter bid.

On October 17, Twitter and Larry Musk will go to court in Delaware to resolve the billionaire's attempt to cancel the purchase, which was approved by Twitter's board and its shareholders.

In the case, all depositions must be completed by September 29, with Mr. Musk scheduled to testify this week.

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FAQ


When will the depositions be completed for Twitter vs. Elon Musk?
Answer:- September 29

How much had Mr. Ellison pledged to support Musk's Twitter bid?
Answer:- $1 billion.
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When and where will Twitter and Musk go to court?
Answer:- October 17 in Delaware.

Did Elon Musk buy Twitter?
Answer:- No, the deal has been on halt due to some issues.
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