Fresh reports hitting the desk of Africa Daily News, New York had revealed that Elon Musk has finally served the former Twitter boss, Jack Dorsey with a subpoena which is related a hunt for material which would be helping him to get out of buying the giant social media platform for $44 billion as had been previously agreed.
The subpoena would also be requesting for anything Dorsey has on the topics which are dating back to January of 2019.
Tesla boss Musk who is also the world’s wealthiest man had openly accused Twitter of fraud while alleging that the company misled him about some of the key aspects of its business, particularly the number of accounts that are actually spam or automated “bots” instead of real people.
Twitter had also stuck by its estimates that bots make up fewer than five percent of users. Twitter had also disputed Musk’s assertion he has the right to walk away if its bot count is found to be wrong, since he didn’t seek information on that topic when he made the buyout offer.
The company had also accused Elon Musk of contriving the story to escape a merger agreement that he no longer found attractive.
“Musk’s counterclaims, based as they are on distortion, misrepresentation, and outright deception, change nothing,” Twitter said in a court filing.
Rival lawyers have been serving subpoenas for weeks seeking in a bid to seek out some of the documents or depositions from a wide range of people connected with the buyout, running Twitter’s business, and even with a holding company formed by Musk.
Twitter co-founder Dorsey in November of last year ended his second stint as chief of the company and had voiced support for Musk taking it over.
The Twitter deal included a provision that if the deal fell apart, the party breaking the agreement would pay a termination fee of $1 billion under some certain circumstances which is why it has been reported that billions of dollars are at stake and so is the future of Twitter, which Musk has said should allow any legal speech — an absolutist position that has sparked fears the network could be used to incite violence.
