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Elon Musk Loses Bid to End ‘Twitter Sitter’ Deal With SEC

  • Judge says Musk can’t scuttle 2018 deal he no longer likes
  • Ruling comes as Tesla CEO appears set to acquire Twitter
Bloomberg business news
Musk-Twitter Deal: $1 Billion Breakup Fee, No Disparaging Tweets
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Elon Musk may soon own Twitter Inc. but the billionaire won’t be able to shake his “Twitter Sitter.”

A judge on Wednesday rejected Musk’s request to ditch his 2018 deal with the U.S. Securities and Exchange Commission that required a company lawyer to screen all his Tesla Inc.-related tweets. The Tesla CEO, who appears to have clinched his bid to buy Twitter, had accused the SEC of harassing him and claimed the agreement violated his free-speech rights.