Twitter whistleblower payments do not violate the terms of the agreement as Musk claims: company – National

Twitter Inc. said on Monday payments made to a whistleblower did not violate any terms of their $44 billion buyout by Elon Muskafter the world’s richest man saw the move as another reason to cancel the deal.

In a letter to Twitter on Friday, Musk’s lawyers said Twitter’s inability to seek his consent prior to paying $7.75 million to whistleblower Peiter Zatko and his lawyers. he violated the merger agreement, which restricted when Twitter could make such payments.

Zatko, who was fired by Twitter in January as the company’s chief security officer, last month accused the social media company of falsely claiming it had a solid privacy plan. and making misleading statements about its defenses against hackers and spam accounts.

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Twitter accuser another reason to get out of the deal, says Elon Musk

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The accuser will meet with the US Senate Judiciary committee on September 13 to discuss the charges. Additionally, Twitter will hold a special meeting on Tuesday for shareholders to vote on the merger.

Musk, who also runs electric car company Tesla Inc., has accused Twitter of misrepresenting the prevalence of spam accounts or bots on its platform and has sought to terminate the agreement on those grounds. .

A trial at Delaware Chancery Court is scheduled to begin October 17.

Musk’s lawyers were not immediately available for comment.

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