Consulting firm Innisfree sues Twitter for $1.9 million in unpaid bills | – #Consulting #firm #Innisfree #sues #Twitter #million #unpaid #bills
February 4 (Reuters) – USAInnisfree M&A Incorporated, an advisory firm based in New York state, on Friday Ali In court social about 1.9 million for unpaid bills after informing the media company of its acquisition by Elon Musk dollars demanded and sued Twitter. year
“As of December 23, 2022, Twitter 1,902,788.03 USA “continues to fail to fulfill its obligations to Innisfree under the Agreement in the amount of not less than USD”, the claim states.
A lawyer for Twitter and Innisfree did not immediately respond to a request for comment.
Mask 44 announced in April of the same year in October billion closed the dollar deal and took Twitter private.
Last month, the Crown Estate, an independent for-profit company that manages a portfolio of properties belonging to Britain’s monarchy, sued Twitter over alleged unpaid rent at its London headquarters. court said that he had started his research.
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Twitter Inc.’s ad spending fell 71% in December, data from an ad research firm showed, with top advertisers following Musk’s takeover. social they have reduced their expenses on the media platform.
Reuters last month news 13 last year for the Tesla CEO to buy Twitter billion dollars banks providing financing social have abandoned plans to sell debt to investors due to uncertainty about the media company’s fortunes and losses.
Reuters reported last month that Twitter had taken a loan from banks last year to finance Musk’s purchase of the social media company. credit made the first interest payment.
Reporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Marguerita Choy
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2023-02-04 19:44:22
Source – reuters
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