iPhone | iPad
Android
Huawei
Shyam Bhatia also revealed how he celebrated India's 2011 World Cup win with two cricket legends and a Bollywood superstar in his Mumbai hotel room
KT APPDOWNLOAD
Musk subpoenas former Twitter CEO and friend Jack Dorsey
Tesla CEO and social media giant head for October trial in Delaware over $44 billion agreement
Technology entrepreneur and former Twitter CEO Jack Dorsey. — AP file
Tesla CEO Elon Musk has subpoenaed his friend and former Twitter CEO Jack Dorsey as part of an effort to back out of his $44 billion agreement to acquire the company Dorsey helped found, according to a court document.
Twitter and Musk are headed for an October 17 trial in Delaware that should determine whether or not Twitter can force the billionaire to go through with the acquisition.
Twitter has subpoenaed a host of tech investors and entrepreneurs connected to Musk, including prominent venture capitalist Marc Andreessen and David Sacks, the founding chief operating officer of PayPal.
Musk has claimed that Twitter failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees. Musk’s team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over evidence.
Twitter argues that Musk’s reasons for backing out are just a cover for buyer’s remorse. Shortly after Musk agreed to pay 38 per cent above Twitter’s stock price, the stock market stumbled and shares of the electric-car maker Tesla, where most of Musk’s personal wealth resides, lost more than $100 billion of their value.
More news from
Likely intervention by the Reserve Bank of India (RBI) helped the local unit stay away from lifetime lows
Navya Naveli Nanda's fashion pick for the occasion was a dazzling off-the-shoulder red dress
In addition to her daughter's ramp walk, Shweta also shared a series of photos featuring Jaya Bachchan from their time in Paris
This esteemed recognition was bestowed upon Dr Datar in acknowledgment of his outstanding contributions to the retail industry
A suspect was reportedly caught but the police were yet to determine the circumstances surrounding the incident
Community members are urged to refrain from clicking on any unfamiliar links and verify messages from unknown sender