Twitter is Investigating Elon Musk's Silicon Valley Associates, Banks in Connection to the $44 Billion Deal

Twitter is probing to investigate numerous people that it is associated with that influenced Elon Musk's decision to acquire the social media company.

The social media company searches for legal documents regarding the ongoing legal battle between the company and Musk.

Twitter was the first one to sue Elon Musk for backing out of its $44 billion acquisition deal, and Musk recently counter-sued the platform.

This legal battle has been rapidly developing in Delaware Chancery Court. The most recent turn of events in this matter is a plethora of document requests that were sent out throughout the course of the weekend and carried over into Monday.

Twitter's Issued Subpoena

In addition to Elon Musk, who is supposedly responsible for the decision to buy the social media firm, Twitter is looking into a number of people.

Twitter's legal team issued a subpoena on Monday to the suspected Silicon Valley elite that had involvement in the acquisition deal.

These are: Keith Rabois, Marc Andreessen, Steve Jurvetson, Chamath Palihapitiya, Jason Calacanis, and David Sacks are among the others who received the legal request.

According to The Washington Post, "Some of the individuals have not been identified in the past as having any kind of role in the transaction, which suggests the scope of Twitter's quest for facts to bolster its legal attempt to force Musk to follow through with his agreement to buy the firm."

The legal team at Twitter is responsible for issuing the subpoena. Twitter served subpoenas throughout the course of the weekend to a number of financial institutions that were involved in the transaction. These financial institutions include Morgan Stanley and Credit Suisse.

The Washington Post also acquired some of the contents of the subpoena involving multiple requests for communications related to the acquisition's financing. These requests include checklists, organizational calls, presentations, notes, meetings,timelines, decks, and recordings.

Aside from Musk's associates and the financial institutions, Joe Lonsdale, an associate of Musk, also received one. Lonsdale went to Twitter and stated that he had nothing to do with the acquisition deal.

Lonesdale said, "I have nothing to do with this aside from a few snarky comments, but got a "YOU ARE HEREBY COMMANDED" document notice."

Elon Musk's Subordinates

Twitter would not further comment on the matter. Requests for comment that were made to Palihapitiya, Sacks, Calacanis, Jurvetson, and Rabois were not immediately met with a response.

Prior to this, it was known that Jason Calacanis and Marc Andreesen were involved in various stages of the funding for the acquisition.

Furthermore, it is well known that Musk counts Calacanis and Sacks among his acquaintances. When both Sacks and Musk were running PayPal, billionaire Peter Thiel, who is a friend of both Sacks and Musk, worked alongside them.

Thiel's close friend, Rabois, also worked as an executive for PayPal. Additionally, Jurvetson has also been Musk's friend for a very long time. He currently serves on the board of Musk's company SpaceX and previously sat on the board of Tesla.

Twitter Acquisition Deal

Twitter's acquisition all started in April when Musk swayed the company's board to allow him to purchase the remaining shares of the company. The board then agreed. However, in a sudden turn of events, after a few weeks, Musk seemed to be backing off from the acquisition deal.

Musk did not comment on why he pulled out of the deal, but publicly, it looks like it might be because of the issues surrounding the bot and spam accounts.

According to iTechPost's previous report, Twitter decided to sue Musk for the chaos he caused to the company and wants to keep him accountable, hence the lawsuit filed in the Delaware Court of Chancery.