JAKARTA - The world's richest billionaire, Elon Musk, is seeking documents from Twitter Inc co-founder Jack Dorsey as the Tesla and SpaceX CEO pursues a legal battle to abandon his $44 billion deal to acquire the social media company.
According to a copy of the lawsuit, Dorsey, who stepped down as Twitter's chief executive in November 2021 and left the board in May, was asked for documents and communications about Musk's April agreement to buy the company and about spam accounts on the platform.
Dorsey, who is CEO of payment processing company Block Inc, did not immediately respond to a Reuters request for comment on this report. Block was founded by Dorsey with some of his colleagues and changed its name last year from Square Inc.
Musk, already told Twitter in July that he was ending a deal to buy the company for $54.20 a share because he accused Twitter of breaching the deal.
Twitter and Musk have since sued each other. Twitter asked a judge in the Delaware Court of Chancery to order Musk to close the deal. The five-day trial will begin on October 17.
The court lawsuit seeks documents and communications about Twitter's use of mDAU, about the size of active users on its platform. Musk accuses the company of defrauding him by hiding fake account numbers in his regulatory lawsuit, which Musk says he uses to reward the company.
Twitter has denied these allegations of bots and spam accounts from Musk. But the court battle will continue.
Musk also wants documents and communications regarding alternative active user measures the company has considered and information on using the mDAU in executive salaries and annual targets. Twitter itself declined to comment on the lawsuit.
Dorsey himself has backed Musk's planned purchase of Twitter as the two men have agreed on the need for more transparency for his algorithms and allowing users more control over the content they see.
Dorsey also tweeted that he believed Twitter was being held back by the advertising model and Musk said Twitter should rely more on subscription fees and services like money transfers between users.
Musk and Dorsey held discussions in March about Musk's attempt to join Twitter's board before Musk revealed he had acquired a 9.1% stake in Twitter. Musk accepted an offer to sit on the board but before he started his term he changed course and offered to buy the company.
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