Twitter Deal:Elon Musk subpoenas Jack Dorsey ahead of court trial
Tesla CEO and billionaire, Elon Musk is set to summon Twitter co-founder Jack Dorsey to court as part of his legal trial with the tech company.
BBC reports that Musk wants to terminate his $44bn deal for Twitter after arguing that the firm failed to give sufficient information on fake account numbers.
Mr Musk accused the company of withholding information about fake accounts, but Twitter argued that these were excuses to cover buyer’s remorse.
Twitter has issued its own subpoenas to people who had planned to invest in the deal with Mr Musk.
The social media platform is charging Musk to try to compel him to carry on with the deal and buy twitter.
Nexus News learnt that the case will be convened in Delaware, US, in October unless both parties agree to resolve outside of court before then.
Twitter hopes that a judge will order the billionaire to finalize the takeover at the agreed price of $54.20 per share.
However, as part of the trial preparations, lawyers for Musk have called on his friend, the former boss of Twitter Mr Dorsey, in the hope that he will help support the Tesla boss’s argument that the social media company hasn’t been truthful about the percentage of fake accounts on its platform.
Mr Dorsey stepped down as chief executive of Twitter in November last year and tweeted in support of Mr Musk when he announced his bid to buy the company in April, saying: “Elon is the singular solution I trust. I trust his mission to extend the light of consciousness.”
A subpoena legal writ or document summons a person to attend court or orders the submission of evidence, as records or documents, before a court.
In July, the billionaire said he planned to walk away from his deal to buy Twitter, which prompted the company to sue him.
Mr Musk has countersued Twitter, alleging that a third of visible Twitter accounts, evaluated by his team, were fake. Using that figure the team estimated that a minimum of 10% of daily active users are bots.