The respective authorized groups for Twitter and Elon Musk are deposing former Twitter CEO Jack Dorsey on Tuesday, Bloomberg Information reported.
Musk beforehand subpoenaed Dorsey in August as a part of his and Twitter’s authorized battle over the termination of Musk’s $44 billion deal to purchase the social media firm. Dorsey, who expressed assist for the Telsa chief govt’s bid earlier this yr, co-founded Twitter and most just lately served as its CEO from 2015 till Parag Agrawal took over in November.
Musk first sought to finish his acquisition of Twitter in July, prompting Twitter to file a lawsuit towards him. He later counter-sued the social media firm, claiming it breached its obligations underneath the acquisition settlement by misrepresenting the full variety of faux and spam accounts.
TWITTER SHAREHOLDERS VOTE TO APPROVE ELON MUSK’S $44B ACQUISITION
Twitter has pushed again on Musk’s claims of breaching the settlement and maintained that lower than 5% of its customers are spam and pretend accounts.
Final week, Musk filed his third termination discover towards the social media firm, which it referred to as “invalid and wrongful” in an SEC submitting.
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The authorized battle between Musk and Twitter is presently set to go to trial Oct. 17.