Elon Musk's Latest Reason To Drop Twitter Deal

Elon Musk's Latest Reason To Drop Twitter Deal - "Whistleblower Payment"

Saturday, 10 September 2022Newsdesk

Elon Musk's lawyers argued that failing to seek his consent before paying the whistleblower provides another legal basis to break the merger deal with Twitter he inked in April.

New Delhi, 10 September 2022

Elon Musk on Friday added a severance payment made by Twitter to a whistleblower to the list of reasons he feels entitled to walk away from his $44 billion deal to buy the social media platform.

A termination letter sent to Twitter accused the firm of not informing him about a multi-million dollar severance payment it made in June to departing security chief Peiter Zatko, who went on to file a whistleblower complaint criticizing Twitter's security practices, according to a copy of the letter filed with the Securities and Exchange Commission.

Source - NDTV