Elon Musk under investigation by US agency for $44bn takeover of Twitter
by Guardian staff and agencies from on (#6FBD2)
Securities and Exchange Commission inquiring whether Musk broke federal law in 2022 when he bought stock in the platform
Elon Musk is under investigation by the US Securities and Exchange Commission over his $44bn takeover of social media giant Twitter, it was revealed on Thursday.
The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X, as well as statements and SEC filings he made about the deal.
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