Elon Musk’s $44 billion deal to acquire Twitter has been the subject of countless headlines as the mercurial CEO has made his hang ups with the acquisition very public. That tendency to share his thoughts on the public forum might be putting the billionaire on a collision course with the Securities and Exchange Commission (SEC). Musk has berated and antagonized the regulatory agency for years after being penalized for tweeting recklessly about taking Tesla private. His latest conduct on Twitter as he attempts to take over the company could draw even more legal headaches, but it remains an uncertain whether the agency will find enough misconduct to rein Musk in.
Tesla CEO Elon Musk listed several changes he would make to Twitter pending approval of a $44 million deal from the Securities and Exchange Commission (SEC) to acquire the social media platform.
The SEC cannot reject Musk’s offer to buy Twitter based on his vision for the company. However, the federal agency can raise objections to the transaction if it believes that Musk has not been forthcoming on required disclosure forms.
The SEC could take issue with Musk’s late disclosure of his stake in Twitter as well as his constant criticism of leaders on the platform.
But while his official offer awaits approval, here are some of the potential changes Musk could make if it is finalized.
