Elon Musk, billionaire interested in taking over Twitter with a limit of 4.4 billion US dollars sued by twitter investors because musk Delayed Twitter stake disclosure
Elon Musk’s Delayed Disclosure of Twitter Shares With Musk owning more than 5 percent, he saved $156 million from pursuing stock.
After that, Elon Musk continued to buy stocks. It was revealed in early April that Musk had a 9.2 percent stake in Twitter and filed a takeover claim.
An investor, who claimed to be a beneficiary of Elon Musk’s late disclosure of his stake, said the delay in disclosing the shares hadElon Musk holding on twitter That gave Musk a stake in controlling the market. and can buy shares on Twitter at a lower price than it really is And they want the compensation they deserve from Elon Musk.
On this issue, Elon Musk and his personal attorney declined to provide further information.
The US Securities and Exchange Commission An investigation is underway over Elon Musk’s Twitter stake.
As for the latest takeover situation on Twitter by Elon Musk, it is now positive. Because Musk said he could raise an additional $6.25 billion. To complete the takeover at the end of this year.
