On Monday, Elon Musk filed another notice of his intent to cancel his purchase of Twitter.
According to FOX News Business, Musk’s latest attempt to backpedal cites revelations in the “Zatko complaint” – a memo released by a former Twitter executive alleging the platform misused user data and lacked control over its core functions.
As noted by CNBC, Musk filed the notice despite claiming it was legally unnecessary due to a previous motion to cancel the purchase. The new filing is intended to ensure the deal is terminated even in the event his previous complaints fail to succeed in court.
Twitter responded to Musk’s filing on Tuesday, saying that it is “based solely on statements made by a third party that, as Twitter has previously stated, are riddled with inconsistencies and inaccuracies and lack important context.””Contrary to the assertions in your letter, Twitter has breached none of its representations or obligations under the Agreement, and Twitter has not suffered and is not likely to suffer a Company Material Adverse Effect,” Twitter continued. “Twitter intends to enforce the Agreement and close the transaction on the price and terms agreed upon with the Musk Parties.”
