JUST IN: Feds Investigating Elon Musk Over Twitter Acquisition

Bloomberg News reported tonight that Elon Musk is under investigation in regards to his Twitter acquisition.

“Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter, lawyers on behalf of the social-media company wrote in a court filing in Delaware,” Bloomberg tweeted.

NEW: Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter, lawyers on behalf of the social-media company wrote in a court filing in Delaware https://t.co/lxTp7KcPCK

— Bloomberg (@business) October 13, 2022

JUST IN: Twitter, $TWTR, says in court filing that Elon Musk is being investigated by federal authorities with regards to his Twitter acquisition, per Bloomberg.

— unusual_whales (@unusual_whales) October 13, 2022

MUSK BEING INVESTIGATED BY FEDERAL AUTHORITIES – TWTR

— IGSquawk (@IGSquawk) October 13, 2022

From Bloomberg:

“Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter,” attorneys for Potter Anderson Corroon LLP wrote in a filing dated Oct. 6 and unsealed Thursday.

“Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations,” the said.

NATIONAL POLL: Do You Still Support President Trump?

“Twitter wants those documents, because they bear upon key issues in this litigation.”

Reuters added:

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.

Twitter said it requested that Musk’s attorneys produce their communications with federal authorities months ago but they had not done so, and asked a Delaware judge to order the attorneys to provide the documents.

In late September, Musk’s attorneys provided a “privilege log” identifying documents to be withheld from discovery. The log referenced drafts of a May 13 email to the U.S. Securities and Exchange Commission and a slide presentation to the Federal Trade Commission, Twitter said.

An attorney for Musk did not immediately respond to a request for comment.