Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of his efforts to terminate the $44 billion deal to acquire the company that Dorsey helped found, according to filings. judicial.
Twitter and Musk are headed to a trial on October 17 in Delaware that should determine whether or not Twitter can force the billionaire to go ahead with the acquisition.
Twitter has issued subpoenas for several tech investors and entrepreneurs connected to Musk, including prominent investor Marc Andreessen and David Sacks, PayPal’s chief operating officer and founder.
Musk alleges that Twitter has failed to provide adequate information about the number of fake Twitter accounts, or bots, and that it has breached its obligations under the settlement by firing senior managers and a significant number of employees. Musk’s team expects more information about the number of bots to be revealed in the evidence submission process.
Twitter argues that Musk’s reasons for leaving the deal are nothing more than a cover for his buyer’s remorse. Shortly after Musk agreed to pay 38% above Twitter’s share price, the stock market wobbled, with shares in electric carmaker Tesla, where most of Musk’s personal wealth resides, losing more than 100,000 million dollars of its value.
The subpoena was served last week. Dorsey is asked for documents and communications related to the acquisition, as well as information about the effect of fake or spam accounts on Twitter’s business and its measurement of daily active users.
An attorney representing Dorsey did not immediately return a message for comment Monday.
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Elon Musk Subpoenas Former Twitter CEO Jack Dorsey