London Daily

Focus on the big picture.
Tuesday, Jul 29, 2025

Elon Musk under federal investigation over Twitter deal

Elon Musk under federal investigation over Twitter deal

Elon Musk is under a federal investigation related to his $44 billion takeover deal for Twitter. The news came from a court filing made public on Thursday about the latest in ongoing legal disputes between the billionaire and the social network. The picture here is a joke we’ve got by eMail, from people who think it’s sad, not funny.
While the filing said he was under investigation, it did not say what the focus was.

"This game of 'hide the ball' must end," the company said in the court filing.

Mr Musk did not immediately respond to a request for comment.

Twitter - which sued Mr Musk in July to force him to close the deal - said lawyers for the Tesla CEO had claimed "investigative privilege" when refusing to hand over documents it wanted.

It also said it had requested that Mr Musk's attorneys produce their communications with federal authorities months ago, but they had not done so.

In late September, Mr Musk's attorneys provided a "privilege log", identifying documents to be withheld.

The log referenced drafts of a 13 May email to the US Securities and Exchange Commission (SEC) - the American regulator which enforces the law against market manipulation.

It also referenced a slide presentation to the Federal Trade Commission - whose principal mission is promoting antitrust law and consumer protection.

The court request was filed on the same day the court granted a stay of litigation to allow Twitter and Mr Musk to close the takeover deal.

Questions over the deal
The SEC has questioned Mr Musk's comments about the Twitter acquisition.

In April, the SEC asked him whether the disclosure of his 9% Twitter stake was late and why it indicated that he intended to be a passive shareholder. Mr Musk later refiled the disclosure to indicate he was an active investor.

In June, the SEC asked Mr Musk in a letter whether he should have amended his public filing to reflect his intention to suspend or abandon the deal.

Alex Spiro, an attorney for Mr Musk, told Reuters that Twitter's court filing was a "misdirection".

"It is Twitter's executives that are under federal investigation," he said.

Twitter declined to comment on the statement.

The filing comes as the months-long saga of Mr Musk's proposed Twitter purchase continues, during which the billionaire proposed a takeover, went back on the deal, and was then sued by Twitter to stick to his word.

The billionaire's side then said he would go ahead with the deal, just days before a trial was set to take place to force the purchase through.
Newsletter

Related Articles

0:00
0:00
Close
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
×