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Twitter to depose Elon Musk in Delaware on Sept. 26-27

By Tom Hals WILMINGTON, Del (Reuters) -Twitter Inc will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire's bid to walk away from...
Twitter to depose Elon Musk in Delaware on Sept. 26-27 © Reuters. FILE PHOTO: An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration
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By Tom Hals

WILMINGTON, Del (Reuters) -Twitter Inc will question Elon Musk under oath in Delaware next week as part of the litigation in the billionaire's bid to walk away from his $44 billion deal for the social media company.

A Tuesday filing in Delaware's Court of Chancery said Musk's deposition is scheduled for Sept. 26-27 and may stretch into Sept. 28 if necessary.

The two sides are locked in an increasingly acrimonious legal battle that has swept up of some of the biggest names in Silicon Valley and Wall Street.

Subpoenas have being issued to billionaire Larry Ellison, the co-founder of Oracle Corp (NYSE:ORCL), Intel Corp (NASDAQ:INTC)'s former Chief Executive Officer Robert Swan and Twitter (NYSE:TWTR) co-founder Jack Dorsey, who is currently chief executive of Block Inc.

A five-day trial is scheduled to begin on Oct. 17 in Wilmington, Delaware.

Each side has accused the other of breaking the April takeover agreement. Twitter wants a judge to order Musk, who is chief executive of Tesla (NASDAQ:TSLA) Inc and the world's richest person, to buy the company as agreed for $54.20 per share.

Shares in San Francisco-based company were down slightly in early Tuesday trading at $41.54.

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30-09-2022 19:22:09 (UTC+7)

EUR/USD

0.9756

-0.0058 (-0.59%)

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Moving Avg:

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Sell (9)

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EUR/USD

0.9756

-0.0058 (-0.59%)

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Neutral

Moving Avg:

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GBP/USD

1.1050

-0.0065 (-0.58%)

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USD/JPY

144.63

+0.17 (+0.12%)

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AUD/USD

0.6470

-0.0029 (-0.45%)

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USD/CAD

1.3738

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EUR/JPY

141.10

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EUR/CHF

0.9558

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S&P 500

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US Small Cap 2000

1,671.71

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7,343.50

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39.190

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    EUR/USD 0.9756 Neutral  
    GBP/USD 1.1050 ↑ Buy  
    USD/JPY 144.63 ↑ Sell  
    AUD/USD 0.6470 ↑ Buy  
    USD/CAD 1.3738 Sell  
    EUR/JPY 141.10 ↑ Buy  
    EUR/CHF 0.9558 ↑ Sell  
    Gold 1,673.60 ↑ Buy  
    Silver 18.933 Buy  
    Copper 3.4177 Neutral  
    Crude Oil WTI 80.42 Sell  
    Brent Oil 86.42 Neutral  
    Natural Gas 7.002 Sell  
    US Coffee C 222.48 ↑ Sell  
    Euro Stoxx 50 3,289.35 ↑ Sell  
    S&P 500 3,640.47 Neutral  
    DAX 12,010.87 ↑ Sell  
    FTSE 100 6,881.72 ↑ Sell  
    Hang Seng 17,222.83 ↑ Buy  
    Small Cap 2000 1,671.71 Buy  
    IBEX 35 7,343.50 ↑ Sell  
    BASF 39.190 ↑ Sell  
    Bayer 47.41 ↑ Sell  
    Allianz 160.83 ↑ Sell  
    Adidas 117.15 ↑ Sell  
    Lufthansa 5.926 ↑ Sell  
    Siemens AG 99.37 ↑ Buy  
    Deutsche Bank AG 7.594 Sell  
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