Orlando — Elon Musk was sued by a Florida pension fund trying to prevent Musk from completing a $ 44 billion acquisition of a social media company by 2025. Morgan Stanley owns about 8.8% of Twitter’s stake and Dorsey owns 2.4%. Musk is one of the world’s largest leveraged buyouts this year and hopes to complete the $ 54.20 Twitter acquisition per share. Twitter and its board of directors, including Dorsey and CEO Parag Agrawal, were also nominated as defendants. Florida’s pension fund is also investing in Twitter, and Governor Ron DeSantis said this week that if Musk completes the acquisition, it could make a profit of $ 15 to $ 20 million.

Source: Forbes July 04, 2022 06:19 UTC