Musk is sticking to his decision not to purchase the massive social network. He made the offer at the end of April. And withdrew it in July.
The billionaire first claimed that he was giving up on Twitter because management had lied about the number of bots, or spam accounts on the platform. He’s since only added to his reasons for backing out of the deal.
Legal filings and letters
In a letter from Musk attorneys to Twitter, dated September 10, he is also questioning Mudge Zatko’s termination and the alleged $7.75 million severance payment Twitter made to its former head of security.
They claim that after the August 29 Termination Notice more reasons to rescind the agreement have appeared. And that “In the time that has elapsed since that letter was sent, additional facts have come to light that reveal that Twitter has further breached its obligations under the Merger Agreement.”
“Twitter did not seek defendants’ consent under Section 6.1(e) before making this payment nor was this payment disclosed to defendants,” Musk’s lawyers said. “In fact, defendants only learned of this payment when Twitter filed the separation agreement with the court on September 3, 2022.”
