• Contact
Saturday, January 28, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Trending Tags

  • Business
    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    The global online music streaming market to reach $29 billion by 2027, report

    The global online music streaming market to reach $29 billion by 2027, report

  • Finance
    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

    Businesses in Nigeria are set to face an upset as interest rate goes up

    Businesses in Nigeria are set to face an upset as interest rate goes up

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Africa must fight ‘strongman’ backslide, billionaire Ibrahim says

    Trending Tags

  • Business
    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    African mobile game publisher Carry1st raises $27M in funding round led by Bitkraft Ventures

    The global online music streaming market to reach $29 billion by 2027, report

    The global online music streaming market to reach $29 billion by 2027, report

  • Finance
    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

    Businesses in Nigeria are set to face an upset as interest rate goes up

    Businesses in Nigeria are set to face an upset as interest rate goes up

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Twitter is dragging Elon Musk’s billionaire friends into its $44 billion legal battle with a flurry of subpoenas

TAB by TAB
03/08/2022
in Business
0
Twitter is dragging Elon Musk’s billionaire friends into its $44 billion legal battle with a flurry of subpoenas
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Twitter is dragging Elon Musk’s billionaire friends into its $44 billion legal battle with a flurry of subpoenas

Twitter has issued a slew of subpoenas to some of Silicon Valley’s biggest names amid its legal battle with Elon Musk, The Washington Post first reported.

Related posts

Africa will have 57 million pay TV subscribers by 2028, report

Africa will have 57 million pay TV subscribers by 2028, report

28/01/2023
1
Africa startups defy funding slump as debt financing fuels growth

Africa startups defy funding slump as debt financing fuels growth

24/01/2023
2

Twitter sent legal requests to billionaire investors Chamath Palihapitiya and Marc Andreessen on Monday, according to documents that were obtained by The Post. The publication said Twitter also subpoenaed one of the entrepreneurs that helped Musk found PayPal, David Sacks, SpaceX and Tesla board member Stephen Jurvetson, as well as investors Jason Calacanis, Keith Rabois, and Joe Lonsdale.

The legal requests could require the men to testify in court when the five-day trial starts in October.

Rabois declined to comment on the subpoena when contacted by Insider. Twitter, Musk, Palihapitiya, Andreessen, Sacks, Jurvetson, Calacanis, and Lonsdale did not respond to a request for comment from Insider ahead of publication.

Lonsdale dubbed the social media company’s legal requests a “giant harassing fishing expedition,” on Twitter.

Joe Lonsdale (@JTLonsdale) August 1, 2022

Sacks also responded to the subpoena on Twitter with an image of a middle finger.

David Sacks (@DavidSacks) August 2, 2022

The social media company is requesting information from Musk’s social circle related to any communication between the Tesla CEO and his social circle related to bots or spam. The legal request also includes any information related to Musk’s appearance at the All-In Summit in May an event he attended with Palihapitiya, Sacks, and Calacanis. At the Miami event, Musk appeared to backtrack on his plans to buy Twitter, weeks before he officially attempted to pull out of the $44 billion deal in July.

Notably, some of the individuals that received legal requests from Twitter have not been openly involved in Musk’s deal to purchase the company. Though, Calacanis and Andreessen have publicly helped the billionaire in his efforts to finance the deal.

The missives to Musk’s social circle came after Twitter sent subpoenas to several banks that were helping finance the deal, including Morgan Stanley, Citigroup, and Bank of America.

The case is being tried in Delaware. Last month, Twitter appeared to win its first battle against Musk when Chancery Court judge Kathaleen St. J. McCormick agreed to an expedited trial. The social media company is suing to compel Musk to buy the company for $44 billion.

Multiple experts previously told Insider that Musk faces an uphill battle in his efforts to get out of the deal due to the ironclad contract he signed earlier this year.

Twitter is dragging Elon Musk’s billionaire friends into its $44 billion legal battle with a flurry of subpoenas

Source: Africa Business Insider
Previous Post

Amid Nigeria’s foreign exchange crisis, Emirates announces plan to reduce flights to the West African country

Next Post

Kenya’s retail investors use 54% of their shares as collateral for bank loans

Next Post
Kenya’s retail investors use 54% of their shares as collateral for bank loans

Kenya's retail investors use 54% of their shares as collateral for bank loans

RECOMMENDED NEWS

LOOK: K Naomi dazzles in red at baby shower

LOOK: K Naomi dazzles in red at baby shower

1 year ago
1
Kenyans keep their money in USD to protect their wealth

Kenyans keep their money in USD to protect their wealth

1 year ago
3
Facebook’s big changes could mean the end of the old social network era: Here’s how we’re all in a TikTok world now

Facebook’s big changes could mean the end of the old social network era: Here’s how we’re all in a TikTok world now

6 months ago
3
Alleged 31,6 m arms fraud: EFCC files charge against ex Army chief, Minimah, 2 Generals

EU pledges US$1.4B in climate funding to Nigeria

7 months ago
4

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • BasiGo signs with AVA to assemble 1,000 electric buses in Mombasa
  • Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa
  • Africa will have 57 million pay TV subscribers by 2028, report

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In