In his legal battle with Twitter, US billionaire Elon Musk is now citing another reason for withdrawing his takeover bid for the short message service. Musk’s lawyers wrote to Twitter’s legal department on Friday (local time) that the company had reached an agreement on June 28 for a million-dollar settlement for former Twitter security chief Peiter Zatko without informing Musk about it.
Zatko and his lawyers were awarded $7.75 million by Twitter. Musk’s lawyers accuse the company that under the acquisition agreement, it should have asked Musk for approval of this extraordinary expense.
Musk announced a $44 billion takeover of Twitter in April, and the two sides signed an agreement that same month. In early July, however, Musk dropped the deal because of allegedly “false and misleading” information from the short message service.