Twitter’s legal team expressed its position in a letter to Elon Musk’s representatives on September 12. Twitter’s letter was a response to a letter from Musk’s representatives last week that attempted to end negotiations and backtrack on the deal.
“As was the case with your alleged termination notices of July 8, 2022 and August 29, 2022,” Twitter’s legal team told Elon Musk. . Twitter did not breach any of its representations or obligations under the agreement, Twitter’s legal team sued Elon Musk. “…and following receipt of Twitter’s shareholder approval at its special meeting on September 13, 2022, all conditions precedent to the completion of the Merger will be satisfied”
Musk claims a $7.75 million payment to former Twitter employee Peiter “Mudge” Zatko is a breach of Twitter’s “contractual obligation.” Twitter shareholders would hold a vote on September 13 that will approve or reject the deal with Musk. The members of the company’s board of directors are in favor of the takeover. Musk began negotiations for the $44 billion acquisition deal in April. The Tesla CEO has since waived a trial to resolve the case, which is expected to begin in mid-October.