Musk to testify for Twitter deal

— Associated Press

SAN FRANCISCO — A judge has ordered Elon Musk to testify for a third time as part of the Securities and Exchange Commission’s investigation into his $44 billion purchase of Twitter, now called X, in 2022.

Magistrate Judge Laurel Beeler issued an order Saturday giving Musk, his team and the SEC a week to agree on a date and location for Musk’s testimony. In a court hearing last December, Beeler said she would issue an order if the two sides couldn’t agree on when and where Musk would testify.

The SEC has been conducting a fact-finding inquiry into the period before Musk’s Twitter takeover, when the social media company was publicly traded. The agency said it has not concluded that any securities laws were violated.