Twitter Subpoenas Binance and a Dozen More Firms Over $44B Musk Deal

Yahoo Finance2022-08-04

Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site's lawyers. Those lawyers want to...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

hphoa
2022-08-04
hphoa
Ok
Mich77
2022-08-04
Mich77
read
TaiWoeiHaur
2022-08-04
TaiWoeiHaur
G
snowpine2005
2022-08-04
snowpine2005
Ok
TaiJin
2022-08-04
TaiJin
[Miser]
Sorrie2u
2022-08-04
Sorrie2u
Ok

Leave a comment

228

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2256411992?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-04 07:34","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2256411992","market":"us","top_or_hot":-1,"title":"Twitter Subpoenas Binance and a Dozen More Firms Over $44B Musk Deal","media":"Yahoo Finance","content":"<div>\n<p>Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site's lawyers. Those lawyers want to...</p>\n\n<a href=\"https://finance.yahoo.com/news/twitter-subpoenas-binance-and-a-dozen-more-firms-over-44-b-musk-deal-191956325.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter Subpoenas Binance and a Dozen More Firms Over $44B Musk Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTwitter Subpoenas Binance and a Dozen More Firms Over $44B Musk Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-04 07:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/twitter-subpoenas-binance-and-a-dozen-more-firms-over-44-b-musk-deal-191956325.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site's lawyers. Those lawyers want to...</p>\n\n<a href=\"https://finance.yahoo.com/news/twitter-subpoenas-binance-and-a-dozen-more-firms-over-44-b-musk-deal-191956325.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://finance.yahoo.com/news/twitter-subpoenas-binance-and-a-dozen-more-firms-over-44-b-musk-deal-191956325.html","article_id":"2256411992","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2256411992","pubTimestamp":1659569685,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) hav","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4579":"人工智能","BK4508":"社交媒体","JPM":"摩根大通","BK4077":"互动媒体与服务","BK4527":"明星科技股","BK4574":"无人驾驶","BK4550":"红杉资本持仓","BK4581":"高盛持仓","BK4551":"寇图资本持仓","GS":"高盛","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4516":"特朗普概念","BK4548":"巴美列捷福持仓","TWTR":"Twitter","QNETCN":"纳斯达克中美互联网老虎指数"},"translate_title":"Twitter传票Binance和十几家公司超过4400万美元的马斯克交易","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TWTR":1,"TSLA":1,"QNETCN":0.6,"JPM":0.6,"GS":0.6},"content_text":"Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site's lawyers. Those lawyers want to know what happened in Musk’s private negotiations leading up to the now-disputed deal.On Tuesday, Twitter filed more than a dozen subpoenas in its fast-tracked lawsuit to force Musk to go through with the deal. The filings directed to Musk’s advisers and would-be lenders — including Binance, Factorial Funds, Benefit Street, Bandera Partners, Founders Fund Growth II Management — add to several others issued to Musk’s bankers, investors, and associates on Monday. Tesla (TSLA) and SpaceX were also served with similar demands.Notably, the subpoenas demand that Musk’s advisers and backers hand over documents and communications that either support or refute Musk’s suggestion that Twitter has under-reported the number of fake or “spam” accounts on the social media site.Musk contends he's backing out of the deal because Twitter isn't providing him with data regarding the number of fake accounts, known as bots, that operate on its platform — and in some cases, spread disinformation. According to Musk, Twitter’s public representations about bot prevalence are misleading, and in excess of its estimated less than 5% of mDAUs, or monetizable daily active users.Twitter, on the other hand, says it has long represented that its estimate could be wrong, and that Musk’s bot issue is a pretext for backing out of the agreement. Twitter adds that Musk also deliberately tried to tank the deal with a series of disparaging tweets.In separate subpoenas directed to Binance and others, Twitter asks the companies to turn over any documents and communications related to Musk’s May 15 Tweet alleging “some chance” that Twitter’s percentage of bots and/or false or spam accounts “might be over 90% of daily active users.”The request goes on to demand any documents concerning another Musk Tweet on May 17 that reads “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher.”The subpoenas further seek from the companies “drafts or iterations of any plans” relating to Twitter’s false or spam accounts, along with any media communications concerning spam accounts, and documents addressing Twitter’s SEC disclosures about spam.While Twitter’s lawyers maintain that, under the merger agreement, the company didn't have to hand over the bot data he requested, his lawyers wrote in a July 8 letter to terminate the deal that Musk needed the fake account information for his financing.The bot information, Musk’s lawyers wrote, is needed to “facilitate Musk’s financing and financial planning for the transaction, and to engage in transition planning for the business…”For Musk’s part, his lawyers also issued subpoenas seeking information related to Twitter’s end of the transaction. His lawyers issued subpoenas to Goldman Sachs and JPMorgan, as well as boutique investment bank Allen & Co.Twitter’s subpoena requests on Monday sought documents and communications from Musk’s associates and investors, including Silicon Valley investors Chamath Palihapitiya, David Sacks, Joe Lonsdale, Steve Jurvetson, Marc Andreessen, Jason Calacanis, Keith Rabois; and from financial advisors Credit Suisse and Morgan Stanley.A Delaware Chancery Court judge granted Twitter a five-day trial in the case, which is slated to begin Oct. 17.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9906432850,"gmtCreate":1659576532772,"gmtModify":1705981801391,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3578790486524477","idStr":"3578790486524477"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906432850","repostId":2256411992,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906545619,"gmtCreate":1659573518834,"gmtModify":1705981737675,"author":{"id":"3581849551321020","authorId":"3581849551321020","name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581849551321020","idStr":"3581849551321020"},"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906545619","repostId":2256411992,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906548503,"gmtCreate":1659573309503,"gmtModify":1705981733107,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3563667765668803","idStr":"3563667765668803"},"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906548503","repostId":2256411992,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906549742,"gmtCreate":1659573084090,"gmtModify":1705981728529,"author":{"id":"4104801378187350","authorId":"4104801378187350","name":"snowpine2005","avatar":"https://static.itradeup.com/news/30cc314b08db312a03020e5b08d11966","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4104801378187350","idStr":"4104801378187350"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906549742","repostId":2256411992,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906558707,"gmtCreate":1659572627311,"gmtModify":1705981717061,"author":{"id":"3585363622677550","authorId":"3585363622677550","name":"TaiJin","avatar":"https://static.tigerbbs.com/24d2d840485600ee9789f516e956a70f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585363622677550","idStr":"3585363622677550"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906558707","repostId":2256411992,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906525707,"gmtCreate":1659572204411,"gmtModify":1705981705687,"author":{"id":"3557997848207595","authorId":"3557997848207595","name":"Sorrie2u","avatar":"https://community-static.tradeup.com/news/61cbe83d2927cba11b9b940c52c7e69e","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3557997848207595","idStr":"3557997848207595"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906525707","repostId":2256411992,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":228,"commentSize":21,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2256411992"}