The China Mail - Musk's latest reason to drop Twitter deal - whistleblower payment

USD -
AED 3.672505
AFN 62.498444
ALL 82.527553
AMD 368.44994
ANG 1.79046
AOA 917.999994
ARS 1441.905096
AUD 1.423761
AWG 1.8025
AZN 1.697417
BAM 1.690457
BBD 2.018247
BDT 122.882912
BGN 1.66992
BHD 0.377927
BIF 2990.556229
BMD 1
BND 1.288338
BOB 6.907788
BRL 5.175196
BSD 1.002019
BTN 95.321771
BWP 13.55427
BYN 2.767703
BYR 19600
BZD 2.015388
CAD 1.394125
CDF 2275.999954
CHF 0.79796
CLF 0.023296
CLP 916.860026
CNY 6.77275
CNH 6.77572
COP 3576.68
CRC 462.400201
CUC 1
CUP 26.5
CVE 95.649822
CZK 20.90355
DJF 178.439918
DKK 6.46817
DOP 58.361022
DZD 133.61903
EGP 51.718502
ERN 15
ETB 161.549911
EUR 0.86539
FJD 2.219798
FKP 0.749189
GBP 0.746585
GEL 2.650109
GGP 0.749189
GHS 11.709813
GIP 0.749189
GMD 72.999971
GNF 8777.58428
GTQ 7.620003
GYD 209.14383
HKD 7.836895
HNL 26.795647
HRK 6.521298
HTG 131.017722
HUF 307.708502
IDR 17945
ILS 2.965398
IMP 0.749189
INR 95.16055
IQD 1310
IRR 1375174.999867
ISK 124.090119
JEP 0.749189
JMD 158.237664
JOD 0.709002
JPY 160.364499
KES 129.450078
KGS 87.449695
KHR 4025.298908
KMF 426.999643
KPW 899.855249
KRW 1525.255022
KWD 0.30919
KYD 0.833049
KZT 488.143446
LAK 22002.50177
LBP 89734.701127
LKR 337.385637
LRD 182.499452
LSL 16.520062
LTL 2.95274
LVL 0.60489
LYD 6.386408
MAD 9.25698
MDL 17.383563
MGA 4203.868564
MKD 53.342392
MMK 2099.173167
MNT 3578.677969
MOP 8.06868
MRU 40.01161
MUR 47.869982
MVR 15.460209
MWK 1737.604783
MXN 17.43251
MYR 4.063099
MZN 63.894795
NAD 16.510091
NGN 1359.859779
NIO 36.874025
NOK 9.50565
NPR 152.879713
NZD 1.718848
OMR 0.38451
PAB 0.999693
PEN 3.43075
PGK 4.385703
PHP 61.409504
PKR 278.851286
PLN 3.67026
PYG 6172.400946
QAR 3.645497
RON 4.533398
RSD 101.577007
RUB 71.9775
RWF 1467.281825
SAR 3.753948
SBD 8.045573
SCR 13.205996
SDG 600.513701
SEK 9.45875
SGD 1.286915
SHP 0.746601
SLE 24.649473
SLL 20969.502105
SOS 572.715851
SRD 37.473983
STD 20697.981008
STN 21.226732
SVC 8.747099
SYP 110.532098
SZL 16.480384
THB 32.898985
TJS 9.326724
TMT 3.51
TND 2.90875
TOP 2.40776
TRY 46.137199
TTD 6.78073
TWD 31.610501
TZS 2624.998024
UAH 45.015444
UGX 3771.10605
UYU 40.468298
UZS 12024.999869
VES 566.973195
VND 26314
VUV 119.284637
WST 2.746352
XAF 568.334091
XAG 0.015395
XAU 0.000237
XCD 2.70255
XCG 1.801626
XDR 0.706825
XOF 568.336554
XPF 103.749947
YER 238.649801
ZAR 16.531402
ZMK 9001.199098
ZMW 17.797205
ZWL 321.999592
  • RBGPF

    1.4900

    61.5

    +2.42%

  • CMSC

    -0.0500

    22.31

    -0.22%

  • CMSD

    -0.1300

    22.28

    -0.58%

  • BCC

    2.0400

    70.01

    +2.91%

  • VOD

    -0.1400

    14.67

    -0.95%

  • RYCEF

    -0.1500

    16.37

    -0.92%

  • NGG

    0.9100

    81.08

    +1.12%

  • RELX

    0.4200

    34.94

    +1.2%

  • RIO

    0.4900

    101.42

    +0.48%

  • BCE

    0.4000

    24.58

    +1.63%

  • JRI

    0.2600

    12.72

    +2.04%

  • BTI

    0.2600

    59.95

    +0.43%

  • GSK

    0.6100

    51.25

    +1.19%

  • AZN

    1.8800

    183.43

    +1.02%

  • BP

    -1.0500

    42.67

    -2.46%

Musk's latest reason to drop Twitter deal - whistleblower payment
Musk's latest reason to drop Twitter deal - whistleblower payment / Photo: © AFP/File

Musk's latest reason to drop Twitter deal - whistleblower payment

Elon Musk on Friday added a severance payment made by Twitter to a whistleblower to the list of reasons he feels entitled to walk away from his $44 billion deal to buy the social media platform.

Text size:

A termination letter sent to Twitter accused the firm of not informing him about a multi-million dollar severance payment it made in June to departing security chief Peiter Zatko, who went on to file a whistleblower complaint criticizing Twitter's security practices, according to a copy of the letter filed with the Securities and Exchange Commission.

Musk's lawyers argued that failing to seek his consent before paying Zatko provides another legal basis to break the merger deal with Twitter he inked in April.

Twitter disagreed.

"My friend seems to be arguing that Twitter should have gratuitously told Musk that there existed a disgruntled former employee who made various allegations that had been inquired upon and found to be without merit," Twitter attorney William Savitt said earlier this week.

"That doesn't make any sense."

Twitter did not respond to a request for comment on Friday.

Musk, the world's richest man, said in his original termination letter that he was canceling the deal because he was misled by Twitter concerning the number of bot accounts on its platform, allegations rejected by the company.

In a mixed ruling earlier this week, Kathaleen McCormick, the chancellor of the Delaware court that is overseeing the case, said Musk could add whistleblowing revelations from Zatko that surfaced in August.

But she denied his request to push back the litigation, saying prolonging the suit "would risk further harm to Twitter too great to justify."

Musk has been locked in a bitter legal battle with Twitter since announcing in July that he was pulling the plug on the purchase of the company following a complex, volatile, months-long courtship.

The five-day trial is due to go ahead beginning October 17 in the Delaware court.

C.Smith--ThChM