American billionaire Elon Musk, founder of Tesla and Space X, found another reason to break the deal to buy Twitter. This has been reported Reuters.
According to the agency, a new reason for terminating the deal was Twitter Inc.’s decision. It will pay $7.75 million in damages to Peter Zatko and his lawyers. Zatko is the company’s former head of security.
Musk’s lawyers said Twitter violated the merger agreement with its decision to pay damages because Musk was not authorized to pay such amounts without his consent.
Musk’s lawyers tweeted to Reuters, “The $7 million payment to Zatko cannot be ‘dissolved’ and therefore Musk is ‘not obligated’ to complete the merger.
Former American writer Neil Gaiman remembered Elon Musk could not buy Twitter because of the Lord of the Rings criticism.