HomeLoansTwitter queries banks on Musk's attempts to undermine $44 bln deal

Twitter queries banks on Musk’s attempts to undermine $44 bln deal

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WILMINGTON — Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said.

Twitter sent dozens of civil subpoenas this week to global banks such as units of Morgan Stanley, co-investors in the deal including an affiliate of Brookfield Asset Management Inc, and Musk advisers, according to filings over the past two days in the Delaware Court of Chancery.

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Morgan Stanley declined to comment. Brookfield did not immediately respond to a request for comment. Representatives for Musk and Twitter…

Read more at financialpost.com

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