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Exclusive-LVMH media unit refrains from lawsuit against Musk-owned X, sources say


//media-entertainment.news-articles.net/content/ .. om-lawsuit-against-musk-owned-x-sources-say.html
Published in Media and Entertainment on Tuesday, February 11th 2025 at 12:24 GMT by MSN   Print publication without navigation

  • By Tassilo Hummel and Mathieu Rosemain PARIS -LVMH-owned newspaper group Les Echos-Le Parisien is not party to a lawsuit involving French media against Elon Musk's X that it previously said it would join,

The article from MSN discusses how LVMH's media unit, which includes brands like Les Echos and Radio Classique, has decided not to pursue legal action against X Corp, formerly known as Twitter, despite issues with unpaid invoices. According to sources, X Corp, now owned by Elon Musk, has been facing financial difficulties, leading to delayed payments to various vendors, including LVMH's media arm. Instead of litigation, LVMH has opted for a strategy of negotiation to resolve the payment disputes, reflecting a broader trend where companies are choosing to work out payment issues rather than engage in costly legal battles. This decision comes at a time when X Corp is undergoing significant changes under Musk's leadership, including substantial layoffs and a reevaluation of its business model.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/exclusive-lvmh-media-unit-refrains-from-lawsuit-against-musk-owned-x-sources-say/ar-AA1yP6cx ]

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