Elon Musk has found another reason to end his $44 billion (nearly Rs. 3.50,000 crore) takeover deal with Twitter. A latest report suggests the billionaire has sent a new termination letter to the social media company, adding Twitter’s alleged payment to a whistleblower to the list of reasons for withdrawing from the deal. Musk reportedly accused the company of not informing him of the payment, which is said to be a multi-million dollar compensation. Twitter dismissed the allegations, according to the report.
Elon Musk, boss of SpaceX and Tesla, recently wrote a termination letter to Twitter, according to AFP. The billionaire added the company’s alleged severance package to whistleblower Peiter Zatko as a new reason to end the $44 billion deal, proposed in April, to buy the social media platform.
A few days ago, Musk’s lawyer reportedly accused Twitter of paying whistleblower Peiter Zatko, Twitter’s former security chief, a sum of $7 million (roughly Rs. 56 crore) for not revealing details of operational issues within the microblogging company. Musk’s attorney, Alex Spiro, made the statements during a hearing on Tuesday.
Musk’s lawyers argued that Twitter’s failure to seek consent from SpaceX’s manager before paying Zatko provides another legal basis for breaking the merger agreement, according to the AFP report.
Meanwhile, Twitter has dismissed all claims made by Musk so far against the company. The report quotes Twitter attorney William Savitt as saying, “My friend appears to be claiming that Twitter should have told Musk pro bono that there was a disgruntled former employee who made various allegations that were questioned and found to be baseless.”
Kathaleen McCormick, the Delaware court chancellor overseeing the Musk-Twitter case, gave her nod to Musk for adding Zatko’s whistleblower revelations to his dismissal letter, according to AFP.