LONDON: Twitter's British landlord said Tuesday (Jan 24) it is taking the social media to court for not paying rent on its central London offices. The Crown Estate, a company that manages land and property belonging to the British monarchy, said it has launched legal action at the High Court for rental arr
LONDON: Twitter's British landlord said Tuesday it is taking the social media to court for not paying rent on its central London offices.
A representative said that it had contacted Twitter previously and is currently in discussions with the company.Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October last year.and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the company.
Twitter has a London office in a complex on Air Street called Air W1, whose landlord is the Crown Estate. Twitter UK began using this office in 2014, according to Companies House, which gives this as its registered address.
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