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Elon Musk to Testify in SEC Probe Over $44 Billion Twitter Acquisition
May 30, 2024, 03:36 PM
Elon Musk has agreed to testify in the U.S. Securities and Exchange Commission's (SEC) investigation into his 2022 acquisition of Twitter, now known as X. This decision comes after Musk decided not to appeal a court order mandating his compliance with the SEC's subpoena. The court filings indicate that the date for Musk's testimony remains undisclosed. The probe focuses on Musk's disclosures related to his $44 billion Twitter stock acquisition. This agreement follows months of legal disputes between Musk and the SEC.
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