Elon Musk Cites Whistleblower Claims , As Another Reason To Back Out of Twitter Deal.
Elon Musk Cites Whistleblower Claims , As Another Reason To Back Out of Twitter Deal.
'Bloomberg' reports Musk's newest reason for wanting to terminate his $44 billion deal to take over the company , has to do with accusations made by Twitter's ex-head of security, Peiter Zatko.
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'Bloomberg' reports Musk's newest reason for wanting to terminate his $44 billion deal to take over the company , has to do with accusations made by Twitter's ex-head of security, Peiter Zatko.
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Zatko previously claimed to have questioned Twitter's handling of and lack of protections for user data.
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He also alleged that the social media company had been running out-of-date software and withholding information about security breaches.
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In a filing on Aug.
30, Musk's lawyers asserted that Zatko's allegations meant Twitter breached merger agreement conditions.
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In a filing on Aug.
30, Musk's lawyers asserted that Zatko's allegations meant Twitter breached merger agreement conditions.
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Twitter's lawyers hit back, saying Musk's reasons for terminating the deal are "invalid and wrongful under the agreement.".
'Bloomberg' reports Twitter shares fell 1.3% on Aug.
30 in premarket trading.
Musk has been trying to get out of the deal for months, first citing Twitter's alleged dishonesty in disclosing the number of fake accounts on the platform.
Twitter sued Musk in July to force him to go through with the purchase.
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Twitter sued Musk in July to force him to go through with the purchase.
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Zatko, along with over 100 other people, banks and firms, have been subpoenaed to testify in the trial that is set to begin Oct.
17.
