Twitter, Musk legal teams reportedly deposing Jack Dorsey
Musk first sought to end his bid to buy Twitter in July
The respective legal teams for Twitter and Elon Musk are deposing former Twitter CEO Jack Dorsey on Tuesday, Bloomberg News reported.
Jack Dorsey, the creator, co-founder, and chairman of Twitter and co-founder & CEO of Square, speaks on stage at the Bitcoin 2021 Convention on June 4, 2021 in Miami, Florida. (Joe Raedle/Getty Images / Getty Images)
Musk previously subpoenaed Dorsey in August as part of his and Twitter's legal battle over the termination of Musk's $44 billion deal to buy the social media company. Dorsey, who expressed support for the Telsa chief executive's bid earlier this year, co-founded Twitter and most recently served as its CEO from 2015 until Parag Agrawal took over in November.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TWTR | NO DATA AVAILABLE | - | - | - |
Musk first sought to end his acquisition of Twitter in July, prompting Twitter to file a lawsuit against him. He later counter-sued the social media company, claiming it breached its obligations under the acquisition agreement by misrepresenting the total number of fake and spam accounts.
TWITTER SHAREHOLDERS VOTE TO APPROVE ELON MUSK'S $44B ACQUISITION
Twitter has pushed back on Musk's claims of breaching the agreement and maintained that less than 5% of its users are spam and fake accounts.
Twitter headquarters is seen in San Francisco, California, United States on Oct. 27, 2021. Twitter has been testing several new features for its mobile app recently. The company is now working on an option to customize the navigation bar of the Twitt … (Tayfun Coskun/Anadolu Agency via Getty Images / Getty Images)
Last week, Musk filed his third termination notice against the social media company, which it called "invalid and wrongful" in an SEC filing.
READ FOX BUSINESS ON THE GO BY CLICKING HERE
The legal battle between Musk and Twitter is currently set to go to trial Oct. 17.