By Reuters | Updated: 30 August 2022
Aug 30 (Reuters) – Elon Musk has sent an additional letter of deal termination to Twitter Inc (TWTR.N) to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal.
Last week, Peiter Zatko, a famed hacker known as “Mudge”, said in his complaint that Twitter prioritized user growth over reducing spam and falsely claimed it had a solid security plan.
Aug 30 (Reuters) – Elon Musk has sent an additional letter of deal termination to Twitter Inc (TWTR.N) to include a recent whistleblower complaint from former security head of the social media firm as another reason to scrap the $44 billion deal.
Last week, Peiter Zatko, a famed hacker known as “Mudge”, said in his complaint that Twitter prioritized user growth over reducing spam and falsely claimed it had a solid security plan. read more
Advertisement · Scroll to continue
If the allegation are true, then Twitter has breached some of the provisions of the merger agreement, Musk and his legal team said in a letter dated Aug. 29.
Twitter, however, said in its regulatory filing the fresh termination notice was invalid and wrongful under the deal terms.
Musk has also subpoenaed Zatko, seeking information mostly about the way the microblogging site measures spam account.
Musk decided to terminate the deal in July, saying the company misled him and regulators about the true number of spam or bot accounts on the microblogging platform.
Musk has also subpoenaed Zatko, seeking information mostly about the way the microblogging site measures spam account.
Musk decided to terminate the deal in July, saying the company misled him and regulators about the true number of spam or bot accounts on the microblogging platform.
Twitter shares were down 2.5% at $39.02 before the bell.
