China News Service, October 14. According to Reuters, according to court documents released by Twitter on the 13th local time, Tesla CEO Elon Musk is under a federal investigation related to the acquisition of Twitter.
Data map: Musk.
"Elon Musk is currently under investigation by the U.S. federal government over his acquisition of Twitter," an Oct. 6 court filing said.
Musk's lawyers have not commented on the matter.
In April, Musk reached a definitive agreement with Twitter’s board to buy it for $54.20 per share, a deal worth about $44 billion.
In July, Musk proposed to terminate the acquisition, citing Twitter's breach of several terms of the acquisition agreement.
Under the terms of the agreement, Musk would have to pay $1 billion if he pulled out of the acquisition.
Then Twitter officially filed a lawsuit against Musk on July 12, accusing him of refusing to complete the acquisition as agreed, causing Twitter to suffer serious losses.
This month, a Delaware Chancery Court judge ruled to suspend the lawsuit over Tesla CEO Elon Musk's $44 billion acquisition of Twitter until Oct. 28 so that the two parties can complete the deal on their own.