Headline Roundup • August 30th, 2022
Elon Musk Files Another Notice to Cancel Twitter Purchase
Summary from the AllSides News Team
On Monday, Tesla CEO Elon Musk filed another notice of his intent to cancel his $44 billion deal to purchase Twitter.
Musk says he has new justifications to walk away from his deal due to disclosures from Peiter "Mudge" Zatko, Twitter's former security chief. Zatko alleged earlier this month that Twitter had engaged in "extreme, egregious efficiencies" related to security, privacy and content moderation. Musk's first letter of termination came out on July 8, at which time his lawyers claimed that the main reason for the decision was the billionaire's unfulfilled request for internal spam bot data.
Twitter's legal representatives said whistleblower Zatko's statements are "riddled with inconsistencies and inaccuracies and lack important context," and describe Musk's case as "invalid and wrongful." Twitter intends to enforce the agreement and close the deal on the terms and price initially agreed upon by both parties.
News sources across the political spectrum covered Zatko's comments and their impact on the legal battle of Musk's efforts to pull out of the deal.
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Illustration by Kristen Radtke / The Verge; Getty Images
Elon Musk says the disclosures of Twitter’s former security chief have given him new justifications to walk away from his $44 billion deal to buy the social media platform.
Musk’s lawyers filed a new “Termination Letter” with the SEC on August 29th, which cites the testimony of Twitter whistleblower Peiter “Mudge” Zatko as evidence that Twitter misled Musk in the parties’ merger agreement. Specifically, Musk claims that Twitter’s declaration in the merger agreement that it had not misled the SEC is false, citing Zatko’s allegations. In Zatko’s own complaints, which were published last week,...
Sheldon Cooper | Lightrocket | Getty Images
Elon Musk’s legal team filed another notice on Tuesday to terminate his $44 billion deal to buy Twitter, citing additional reasons.
Twitter shares were down more than 1% in premarket trade.
The latest filings come after Twitter’s former head of security, Peiter “Mudge” Zatko, earlier this month alleged “extreme, egregious deficiencies” by the social media company related to privacy, security and content moderation.
On July 8, Musk’s legal team initially filed a notice with the U.S. Securities and Exchange Commission to terminate the Twitter acquisition. Musk’s team alleged that “Twitter has not complied with its...
NTB/Carina Johansen via REUTERS / Reuters Photos
Tesla CEO Elon Musk filed another notice Monday of his intent to cancel his purchase of social media platform Twitter, citing a whistleblower's recent claims.
Musk's latest attempt to backpedal out of the deal cites revelations found in the "Zatko complaint" — a memo released by a former security chief for Twitter that alleged the platform has misused user data and lacks control of the site's core systems.
Musk's camp filed the notice despite claiming it was legally unnecessary due to a previous motion to cancel the purchase. The Aug. 29 filing is...
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