Twitter subpoenas Oracle co-founder in lawsuit to force Elon Musk's $44 billion purchase: report
Larry Ellison committed $1 billion in funding for Elon Musk's $44 billion Twitter purchase, according to court records
Delaware Court of Chancery releases Musk countersuit alleging Twitter committed fraud
FOX Business senior correspondent Charlie Gasparino has the latest on the billionaire's countersuit on "The Claman Countdown."
Twitter has subpoenaed Oracle co-founder Larry Ellison in the social media company's lawsuit to try to force Tesla CEO Elon Musk to follow through with his $44 billion purchase, Bloomberg News reports.
According to Twitter's original lawsuit, Ellison was the largest outside investor in the deal, committing $1 billion to the purchase.
Oracle's Larry Ellison gives his keynote address at Oracle OpenWorld in San Francisco, California, Sept. 30, 2014. (Reuters/Robert Galbraith / Reuters Photos)
Musk originally made the $44 billion offer to take Twitter private in April but tried to pull out of the deal last month, claiming that the platform misled his team about the number of "spam" accounts in its user base.
ELON MUSK'S REAL BEEF WITH TWITTER REVEALED
Twitter sued Musk to force the deal to go through, calling Musk’s argument "a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive."
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Musk, the richest man in the world with a net worth of $266 billion, according to Forbes, publicly challenged Twitter CEO Parag Agrawal to "a public debate about the Twitter bot percentage."
Elon Musk, Tesla CEO, attends a press event on the grounds of the Tesla Gigafactory. (Patrick Pleul/picture alliance via Getty Images / Getty Images)
"If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms," Musk tweeted on Saturday. "However, if it turns out that their SEC filings are materially false, then it should not."
Twitter has also subpoenaed an official at the trust controlled by Ellison that committed the $1 billion to the deal, Bloomberg reports.
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Ellison could not be reached for comment on Monday.
The Oracle co-founder, a close friend of Musk, joined Tesla's board in 2020.
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Twitter and the attorneys representing the company in the lawsuit against Musk did not respond to a request for comment on Monday.