Musk sends fresh letter seeking to scrap Twitter deal

Tesla Ceo Elon Musk Offers To Buy Twitter For Billion
Tesla Ceo Elon Musk Offers To Buy Twitter For Billion

Elon Musk has sent an additional letter of deal termination to Twitter after he subpoenaed a whistle-blower seeking documents on how the social media company measures spam accounts.

Musk walked away from a US$44 billion offer for Twitter in July, saying the company misled him and regulators about the true number of spam or bot accounts on the microblogging platform.

According to a court filing on Monday, Musk has sought information from whistle-blower and former head of Twitter’s security, Peiter Zatko, mostly about the way the microblogging site measures spam accounts.

A famed hacker known as “Mudge”, Zatko said in his complaint that became public last week that the company falsely claimed it had a solid security plan and prioritised user growth over reducing spam.

Following the disclosure, Musk’s legal team said allegations on certain facts, which were known to Twitter prior to 8 July but were not disclosed to them, have come to light that provide additional and distinct bases to end the deal.

The subpoena to Zatko comes in the run-up to a five-day trial in a US court set to begin on 17 October.

While Musk wants to terminate the deal, Twitter is asking the court to order him to buy it for the agreed $54.20/share.

Meanwhile, an additional termination notice dated 29 August was delivered in case the 8 July notice was determined to be invalid for any reason, according to a regulatory filing by Musk on Tuesday.

Twitter shares were down 2.5% at $39.02 before the open in New York.

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