Twitter Rejects Elon Musk's Third Try to Invalidate His Acquisition of the Company

South Africa News News

Twitter Rejects Elon Musk's Third Try to Invalidate His Acquisition of the Company
South Africa South Africa Latest News,South Africa South Africa Headlines

The Tesla CEO claimed that a $7 million settlement payment to whistleblower Peiter Zatko violated the terms of the purchase contract. Twitter Disagrees.

  • 📰 Gizmodo
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

to ex-executive , Peiter “Mudge” Zatko, following the security head’s departure from the company, was a violation of their Merger Agreement.In Section 6.1 the Merger Agreement, Twitter covenanted that between signing and closing it would not “except as required pursuant to existing Company Benefit Plans...

The company went on to claim Musk and “Musk Parties” have breached the Merger Agreement multiple times over, and that the purchase contract is still valid. “Twitter again demands that Mr. Musk and the other Musky Parties comply with their obligations under the Agreement,” its lawyers wrote.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Gizmodo /  🏆 556. in ZA
 

They just a few billion and retire. No worries if Musk turns it into Truth Social. Btw many tried to tell Musk don't do it when he queried us on Twitter.

Twitter: our company is amazing! How dare you! also twitter: you deal with this mess.

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-14 01:17:56