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Elon Musk sued by SEC over Twitter deal

Posted on AllSides October 5th, 2023
From The Center
AFP/Getty Images

Billionaire entrepreneur Elon Musk is being sued by securities regulators in connection with his $44 billion deal to buy Twitter Inc., according to filing late Thursday.

The Securities and Exchange Commission is suing Musk in San Francisco federal court to get him to testify in the agency’s investigation into the Twitter deal, which closed last year. Musk has failed to appear for testimony, the SEC said.

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