Musk sued by Twitter investor over ‘fraudulent’ buyout flip-flop


Musk offered to buy Twitter in April for US$54.20 (RM253) per share, or US$44bil (RM205bil), but then announced his was pulling out of the deal three weeks later. — Reuters

Elon Musk was sued by a Twitter Inc investor who says the world’s richest person’s on-again off-again purchase of the social-media platform and his public attacks on the company were designed to manipulate its stock price.

Giuseppe Pampena says that when Musk agreed last week to go ahead with his purchase of Twitter, at the originally agreed upon price, he "essentially acknowledged that he had been bluffing all along” about backing out of the deal.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Meta, YouTube verdict escalates calls for teen social media limits
AI machine sorts clothes faster than humans to boost textile recycling in China
Anthropic rushes to limit leak of Claude Code source code
Seeking a sounding board? Beware the eager-to-please chatbot.
Crisis contractor for OpenAI, Anthropic eyes a move to combat extremism
Meet the new AI coworker who won’t stop snitching to your boss
EU, US to tackle digital frictions through talks
Perplexity AI machine accused of sharing data with Meta, Google
The AI video apps gaining ground after OpenAI declared�Sora dead
Advocacy groups urge YouTube to protect kids from 'AI slop' videos

Others Also Read