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Deposition

Twitter Acquisition Deposition

Friday, October 7, 2022Delaware Court of Chancery480 min
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About this appearance

Musk's deposition in Twitter's lawsuit to force completion of the $44B acquisition he had attempted to walk away from. Twitter's lawyers questioned him for approximately 8 hours about his due diligence process, the bot/spam account dispute, and his reasons for attempting to exit. The deposition footage was later released and showed Musk frequently sparring with questioners, invoking memory lapses, and insisting the bot account percentage was material to his valuation. He closed the deal two weeks later, before the deposition could be used at trial.

Topics

twitteracquisitionlegaldelawaredealbotsspam-accounts

Memorable moments

When asked about basic deal mechanics, repeatedly responds 'I don't recall' or 'I'd have to check' — behavior that Twitter's lawyers argued showed his termination attempt was pretextual.

Argues the bot/spam account percentage was 'crucial to any reasonable valuation' — Twitter disputed this was a valid reason to exit the deal.

Closes the $44B deal on October 27, just 20 days after the deposition, avoiding a forced-sale trial verdict.

Companies discussed

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