Elon Musk Dreams Up Another Way To Squirm Out Of His $44 Billion Twitter Deal 

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Elon Musk Dreams Up Another Way To Squirm Out Of His $44 Billion Twitter Deal 
12 Sep 2022
6 min read

News Synopsis

Elon Musk found a new reason to walk away from buying Twitter. This time it's a colossal severance package the company paid to a previous official who as of late charged it of serious security flaws. In a letter sent Friday evening by Musk's lawful guide to Twitter's chief legitimate officer Vijaya Gadde, the extremely rich person took issue with a $7.75 million installment in late June to Peiter Zatko, way better known as "Mudge," after he was let go from the company. Lawyers for Musk contended the installment may be a breach of the $44 billion merger agreement signed back in April. Twitter guaranteed within the bargain not to "provide any severance or termination payments or benefits to any Company Service Provider, " the lawyers composed within the letter, whereas noticing that the definition of a "Company Service Provider"  incorporates previous Twitter representatives.
This marks the third "notice of termination"  
of the merger agreement sent by Musk to Twitter. The primary was sent in early July, claiming that Musk had the proper to cancel the bargain since Twitter's purportedly withheld asked information and data with respect to the number of "bots" or spam accounts on the stage. The moment was in Eminent, indicating to Zatko's whistleblower divulgence as an unused premise for Musk to call off the procurement. Broadly talking, Musk is denouncing Twitter of "fraud"  by deluding him on its trade and monetization capabilities, as well as open financial specialists and the SEC. 

"Although the Musk parties believe this termination notice is not legally necessary to terminate the merger agreement because they have already validly terminated it... the Musk parties are delivering this additional termination notice in the event that [earlier notices are] determined to be invalid for any reason,"  the letter includes.

TWN Special