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The Guardian - US

Technology

Guardian staff and agencies

Elon Musk under investigation by US agency for $44bn takeover of Twitter

Elon Musk Twitter Inc. SEC United States

In March 2022, Musk bought a 9.2% stake in Twitter and became the company’s majority shareholder. — In March 2022, Musk bought a 9.2% stake in Twitter and became the company’s majority shareholder. Photograph: Gonzalo Fuentes/Reuters

Elon Musk is under investigation by the US Securities and Exchange Commission over his $44bn takeover of social media giant Twitter, it was revealed on Thursday.

The investigation concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which he later renamed X, as well as statements and SEC filings he made about the deal.

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