The Twitter (NYSE:TWTR) takeover saga by Elon Musk keeps on taking interesting turns. Following the testimony of Peter “Mudge” Zatko and the shareholder approval in favor of the deal, Musk has now cited security issues and Zatko’s testimony to wiggle out of the deal.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
In his now amended counterclaim, Musk has alleged misrepresentation of the user metric and the number of spam accounts by Twitter.
Further, Mr. Musk has also pointed to misconduct at the company and noted the right to walk away from the $44 billion deal citing the testimony.
Read full Disclosure