CryptoPolyTech.com
Crypto, Politics, Tech, Gaming & World News.

Twitter subpoenas Oracle co-founder in lawsuit to force Elon Musk’s $44 billion purchase: report

Our #TECH_Newser covers ‘news of the day’ #techNewserTechnology content.

| cutline • press clip • news of the day |

Cryptopolytech Public Press Pass

Title: Twitter subpoenas Oracle co-founder in lawsuit to force Elon Musk’s $44 billion purchase: report Originally reported on www.foxbusiness.com by Paul Best

20000756 – TECH NEWSer | 20000757 – Elon Musk Crypto Enthusiast| •| Tech |•| Newser |•| Technology | •| Elon |•| Musk |•| Crypto |•| Enthusiast |

Twitter subpoenas Oracle co-founder in lawsuit to force Elon Musk’s $44 billion purchase: report.

Twitter has subpoenaed Oracle co-founder Larry Ellison in the social media company’s lawsuit to try to force Tesla CEO Elon Musk to follow through with his $44 billion purchase, Bloomberg News reports.

According to Twitter’s original lawsuit, Ellison was the largest outside investor in the deal, committing $1 billion to the purchase.

Oracle’s Larry Ellison gives his keynote address at Oracle OpenWorld in San Francisco, California, Sept. 30, 2014. (Reuters/Robert Galbraith / Reuters Photos)

Musk originally made the $44 billion offer to take Twitter private in April but tried to pull out of the deal last month, claiming that the platform misled his team about the number of “spam” accounts in its user base.

ELON MUSK’S REAL BEEF WITH TWITTER REVEALED

Twitter sued Musk to force the deal to go through, calling Musk’s argument “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”

Stocks in this Article

Musk, the richest man in the world with a net worth of $266 billion, according to Forbes, publicly challenged Twitter CEO Parag Agrawal to “a public debate about the Twitter bot percentage.”

Elon Musk's Tesla suffered from widespread recalls in 2022.

Elon Musk, Tesla CEO, attends a press event on the grounds of the Tesla Gigafactory. (Patrick Pleul/picture alliance via Getty Images / Getty Images)

“If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms,” Musk tweeted on Saturday. “However, if it turns out that their SEC filings are materially false, then it should not.”

Twitter has also subpoenaed an official at the trust controlled by Ellison that committed the $1 billion to the deal, Bloomberg reports.

Stocks in this Article

Ellison could not be reached for comment on Monday.

The Oracle co-founder, a close friend of Musk, joined Tesla’s board in 2020.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Twitter and the attorneys representing the company in the lawsuit against Musk did not respond to a request for comment on Monday.


‘News of the Day’ content, as reported by public domain newswires.

Find more, like the above, right here on Cryptopolytech.com by following our extensive quiclick links appearing on images or within categories [NEWSer CHEWSer].

Source Information (if available)

It appears the above article may have originally appeared on www.foxbusiness.com and has been shared elsewhere on the internet, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Twitter subpoenas Oracle co-founder in lawsuit to force Elon Musk’s $44 billion purchase: report

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

Related Posts
You might also like