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Dubai News Club > Tech > Elon Musk is being sued by the feds over the way he bought Twitter
Tech

Elon Musk is being sued by the feds over the way he bought Twitter

Press Room
Last updated: 2025/01/15
Press Room
Published: January 15, 2025
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Elon Musk’s acquisition of Twitter has resulted in a federal lawsuit by the Securities and Exchange Commission alleging that he broke securities laws with a late disclosure, and saved $150 million in the process.

It all starts before Musk agreed to buy Twitter for $44 billion, before he tried to back out of that deal, before he was forced to go through with it, and before he changed its name to X, when he acquired a substantial stake by buying shares of the company on the open market.

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