Wed, February 12, 2025
Tue, February 11, 2025

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

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 ]