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Twitter: Elon Musk’s third attempt to scrap acquisition invalid

Twitter on Monday has said that payments to a whistleblower did not breach any of its obligations under the $44 billion acquisition proposed by Elon Musk after the billionaire sent a third letter to try to call off the deal.

According to a Securities and Exchange Commission filing, the social media giant said it intends to enforce the agreement and close the transaction on the price and terms agreed upon with Musk.

Last Friday, Musk’s legal team sent a letter to Twitter, alleging that the $7.75 mn the company paid to whistleblower Peiter Zatko violated the terms of the deal.

Zatko last month alleged extreme deficiencies by the social media company related to privacy, security, and content moderation.

Musk’s latest letter is his third attempt to call the Twitter deal off which was proposed in April.

The case will go on trial on October 17.

Writing by Tersoo Nicholas, Editing by Annabel Nwachukwu