Twitter deal: Time is running out for Elon Musk; he must do this or face trial
Live MintElon Musk has until October 27 at 5 PM ET to complete the $44 billion acquisition of Twitter, so time is running out. The Tesla CEO is currently under investigation by US federal authorities in relation to his $44-billion acquisition of Twitter, according to media sources citing a court filing by the microblogging platform. Without going into specifics, Twitter stated in the court document that they are investigating Musk's "behaviour" in relation to the transaction. Twitter charged Musk's legal team with neglecting to deliver draft letters to the Securities and Exchange Commission and a PowerPoint show to the Federal Trade Commission. Alex Spiro, Musk's attorney, responded to the Twitter filing by saying that it simply serves to distract from its own legal difficulties, which were revealed through whistleblower disclosure.In September, Peiter Zatko accused the social media platform of wrongdoings, including.