KEY POINTS
  • Twitter said Monday payments to a whistleblower did not breach any of its obligations under the $44 billion acquisition proposed by Elon Musk, after the billionaire sent a third letter to try to call off the deal.
  • Twitter shareholders will vote on Tuesday on whether to approve or reject Musk's takeover bid.
  • In Friday's letter, Musk's legal team said an alleged $7.75 million severance payment to whistleblower Peiter "Mudge" Zatko from Twitter is another breach of the takeover agreement.

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Twitter said Monday that payments to a whistleblower did not breach any of its obligations under the $44 billion acquisition proposed by Elon Musk, after the billionaire sent a third letter to try to call off the deal.

The social media giant said it intends to enforce the agreement and close the transaction on the price and terms agreed upon with Musk, according to a Securities and Exchange Commission filing.

In this article