Musk claims Twitter whistleblower revelations justify cancellation of takeover

Aug 30, 2022 | Political News

Elon Musk argued that Peiter “Mudge” Zatko’s recent whistleblower complaint offers new justifications for his decision to terminate the acquisition of Twitter.

Elon Musk’s legal team filed a new “Termination letter” with the Securities and Exchange Commission on Tuesday, arguing that Zatko’s complaint, which alleged that Twitter’s staff had been deceptive about security practices and spam, provides sufficient justification for his decision to terminate his merger agreement.

“[Zatko’s] allegations, if true, demonstrate that Twitter has breached the following provisions of the Merger Agreement, thereby giving the Musk Parties the right to terminate the Merger Agreement pursuant to its terms as more fully described below,” the letter reads.