Tech entrepreneur Elon Musk has dialed up his efforts to back out buying Twitter by filing a new termination notice underpinned by “Exhibit Q,” a document that references bombshell claims made by Twitter’s former security chief-turned-whistleblower and accuses Twitter of “far-reaching misconduct” that is likely to have “severe consequences” for its business.
Musk said in an Aug. 30 filing with the Securities and Exchange Commission (SEC) that his lawyers sent Twitter an Aug. 29 termination letter that gives new justification to Musk for pulling out of the $44 billion buyout agreement.
While Musk said he’s convinced his earlier July 8 termination letter has already “validly terminated” the buyout agreement, he opted to send Twitter the new Aug. 29 termination letter as a failsafe, in case the earlier one “is determined to be invalid for any reason.”…