Elon Musk Under Federal Investigation? What For?

October 14, 2022

Elon Musk is being investigated by federal authorities over his conduct in his $44 billion takeover deal for Twitter.

Twitter’s court filing did not reveal the exact focus of the probes and which federal authorities are conducting them.

Twitter said Musk’s lawyers had claimed "investigative privilege" when refusing to hand over documents it had sought.

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

Musk’s lawyer Alex Spiro told Reuters that it is Twitter's executives that are under federal investigation.

Elon Musk had agreed to go ahead with the Twitter deal on the condition Twitter drops the lawsuit.

The world’s richest person said buying Twitter would accelerate the launch of X- an everything app.