Elon Musk To Be Deposed On September 26; Will Be Questioned Under Oath In Twitter Legal Battle
Next week, Tesla chief Elon Musk will be questioned by Twitter Inc under oath. This will be a part of the ongoing trial going on against the billionaire for stepping back from the $44 Billion Twitter buyout deal. Elon Musk's deposition will start on September 26 and might go on till September 28, according to a filing in Delaware’s Court of Chancery.
Some of the big names in Wall Street and Silicon Valley have been swept up in this legal battle between the world’s richest man and Twitter Inc. Elon Musk and Twitter Inc have charged each other for breaking the terms and conditions of the buyout deal which was going to happen in April. Now the popular microblogging company wants Musk to be ordered from the court to take over the company at $54.20 per share which is roughly Rs 4,300 in Indian currency.
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The shares of Twitter went down to $41.54 which is roughly Rs 3,000 in Indian currency on Tuesday. Elon Musk decided to step out from the deal because he believed that company was not revealing everything related to the bot accounts. The billionaire has also reported that the company has hidden a lot of things related to user data from him when Peiter Zatko, former security chief said that foriegn government agents had been given access to the platform by Twitter.
SEE ALSO: Elon Musk Demands Former Product Chief To Testify; Accuses Twitter Of Security Lapses In Latest Filing