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NEW YORK, Aug. 22 (AP) Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of his $44 billion acquisition of Dole, according to court documents. Part of the agreement for the company that West helped create.
Twitter and Musk will go to trial in Delaware on Oct. 17 to determine whether Twitter can force the billionaire to complete a buyout.
Twitter has subpoenaed a number of tech investors and entrepreneurs linked to Musk, including prominent venture capitalist Marc Andreessen and PayPal’s founding COO David Sacks.
Musk has claimed that Twitter failed to provide enough information about the number of fake or “spam bot” Twitter accounts and that it violated its obligations under the deal by firing senior executives and laying off a large number of employees.
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Musk’s team hopes to reveal more about the robot’s number during the trial court discovery process, where both parties must turn over evidence.
Twitter argued that Musk’s exit was just a cover for buyer’s remorse.
The stock market tumbled shortly after Musk agreed to pay a 38% premium over Twitter’s share price, wiping more than $100 billion off the value of Tesla, the electric car maker where Musk’s personal wealth is based. (Associated Press)
(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)
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