Musk cites Twitter whistleblower claims as new justifications for backing out of acquisition
Musk alleges that the allegations, if true, represent breaches of Twitter’s side of the acquisition bargain and should allow him to back out of the deal. The additional justifications outlined in the Aug. 29 letter are in addition to, not instead of, the justifications Musk cited when he first announced he was seeking to withdraw, his legal team said in an SEC filing.
Musk’s letter, Twitter wrote, “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.”
Legal experts have said Zatko’s allegations would very likely play a role in the litigation between Musk and Twitter; the company has asked a Delaware court to force Musk to go through with the deal.