Twitter declares Elon Musk’s third attempt to cancel the acquisition invalid, on the eve of a shareholders’ meeting to vote on Tesla’s $ 44 billion bid. Social media claimed that the allegations coming from one of Musk’s lawyers were “illegitimate”. On Friday, Sept. 9, Musk’s attorney said the approximately $ 7.75 million payment to whistleblower Peiter Zatko as severance pay gave the billionaire more ammunition to end his deal because his consent didn’t was asked before paying this sum to the former employee or, in any case, he should have been informed.
In a filing with the SEC, the social media giant called Musk’s letter “invalid and illegal.” Zatko, who was fired in January as the company’s chief security officer, accused Twitter last month of failing to protect sensitive user data and making misleading statements about its defenses against cybercriminals, hackers and spam accounts. The whistleblower will meet with the US Senate Judiciary Committee on September 13 to discuss the case.
On the same day, Twitter will convene a shareholders’ meeting to vote on Mr. Musk’s offer. The latter, however, accused the social media company of making false claims about the prevalence of spam and account bots on its platform, reasons that led it to lower its Twitter offer to $ 54.20 per share. . The company has urged its shareholders to approve the acquisition ahead of what promises to be a “street fight-worthy” trial that begins Oct. 17 in the Delaware court. A five-day procedure that, Twitter hopes, will force the millionaire to close the deal. On Wall Street, in pre-market trading, Twitter shares fell 1% to $ 41.76, remaining below the offered price. ()
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