San Francisco, September 10: Tesla CEO Elon Musk sent a third notice to Twitter, led by Parag Agrawal, seeking to end the $44 billion takeover deal.
In the latest letter submitted to the U.S. Securities and Exchange Commission, Musk’s legal team cited the multi-million dollar severance package paid by Twitter to the former security chief and whistleblower Peter “Mudge” Zatko.
According to The Verge, the notice was sent to Twitter’s chief legal officer, Vijaya Gadde. Apple takes on Elon Musk’s SpaceX with emergency SOS via satellite feature on iPhone 14 series.
“On June 28, 2022, Twitter entered into a separation agreement with Peiter Zatko pursuant to which Twitter paid Zatko and his attorney severance payments totaling $7.75 million,” the notice reads.
Musk’s lawyers cited this as another reason to terminate the deal.
The Tesla CEO is also trying to buy more time in court to kick off the Twitter trial, scheduled for October 17, citing Zatko’s upcoming testimony.
Musk’s legal team has proposed a new schedule that would push the trial back a week to the end of November. Amazon founder Jeff Bezos slams US professor Uju Anya for wishing Queen Elizabeth II an ‘excruciating’ death.
Zatko is due to testify in the US Congress on September 13 regarding allegations he made against the microblogging platform.
The former Twitter security chief alleged that Twitter misled regulators about its security practices and the actual number of bot accounts.
Zatko also received a subpoena from Musk’s legal team to appear for deposition on September 9 in the ongoing lawsuit between Twitter and Musk.
Musk said the Twitter whistleblower’s testimony justifies his termination of the $44 billion deal to buy the microblogging platform.
(The story above first appeared on LatestLY on September 10, 2022 at 10:56am IST. For more news and updates on politics, world, sports, entertainment and fashion of life, log on to our website latestly.com).