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Novadroid360 Blog > News > Elon Musk sends third notice to Twitter to Kill $44 billion deal
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Elon Musk sends third notice to Twitter to Kill $44 billion deal

Shivendra Nath
Last updated: 12-09-2022 at 12:24 PM
By Shivendra Nath 212 Views Add a Comment
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The Tesla CEO, Elon Musk has sent a third notice to Twitter to end $44Billion deal. As per the latest letter submitted with the US Securities and Exchange Commission, the Musk’s legal team has pointed to the Twitter’s multi-million dollar dismissal wage given to the former security chief and whistleblower Peiter” Mudge” Zatko.

As per The Verge, the notice dispatched to the Vijaya Gadde who is currently Twitter’s chief legal officer. “On June 28, 2022, Twitter entered into a separation agreement with Peiter Zatko under which Twitter made severance payments to Zatko and his counsel totaling $7.75 million”, the notice said.

The Musk’s legal team specified this is yet another reason to bring the deal to end. Also, the other reason was that Twitter mislead Musk about the number of bots on its platform.Furthermore, the Tesla CEO is trying to get more time from the court to check out the Twitter trial, which is set for October 17, citing the Zatko’s upcoming testimony.

In order to achieve that the legal team of Elon Musk has proposed a new timeline that will send the week-long trial to late November. Peiter Zatko is set to give evidence at the US Congress on 13th September about allegations he raised against the micro-blogging platform, Twitter.

The former Twitter security head claimed that the micro-blogging platform misled regulators about its security practices and bot accounts which is mentioned earlier in this article.

Zatko has also got subpoena from the legal team of Elon Musk to appear for a deposition on 9th September in the ongoing lawsuit between Twitter and Musk.According to the Tesla CEO the testimony of the Twitter whistleblower explains why he ended the $44 Billion deal to buy the Twitter.

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TAGGED: Elon Musk, Lawsuit, Twitter
Shivendra Nath September 12, 2022
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By Shivendra Nath
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He is a passionate Tech enthusiast, Full Stack Developer, Programming Educator and Content Writer. He loves to read and write about fascinating technologies. In his leisure, he loves to listen songs mostly Bollywood as well as English. And sometimes he prefer to spend time in nature.
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