Elon Musk Agrees to Testify in SEC’s Twitter-Buyout Probe (1)

Elon Musk has agreed to testify in the US Securities and Exchange Commission’s probe of his 2022 acquisition of the social-media platform once known as Twitter.

The billionaire will sit for a five-hour deposition after dropping his plan to appeal a court orderthat he comply with a government subpoena, according to a filing Thursday in San Francisco federal court. The regulator is seeking information about Musk’s purchases of Twitter stock and statements about his investments before he spent $44 billion to buy the social-media platform.

It’s the latest twist in a long-running legal saga over Musk’s buyout ...