We show you our most important and recent visitors news details Twitter sued by Crown Estate over alleged unpaid rent at UK HQ in the following article
Hind Al Soulia - Riyadh - LONDON — Twitter is being sued by the Crown Estate over alleged unpaid rent for their London headquarters.
The Estate — which oversees a property portfolio belonging to the King — filed a claim against Twitter in the High Court in London last week, according to Reuters news agency.
The alleged arrears relate to office space near Piccadilly Circus in central London, the BBC has been told. The social media giant has not responded to requests for comment.
It comes after Elon Musk, the world’s second richest man, paid $44 billion (£36 billion) to take control of Twitter in October last year before slashing more than half of the firm’s global workforce of around 7,000.
The Crown Estate took legal action after previously contacting Twitter about rental arrears over office space at Air Street.
The Estate is one of the UK’s largest landowners and an independent commercial business, generating profit for the Treasury for public spending. The monarch is then given 15% of the annual surplus of the estate, known as the Sovereign Grant, to support official duties
It owns 10 million sq ft of property in London’s West End, as well as the seabed around England, Wales and Northern Ireland among other properties.
Musk, who also owns Tesla and Space X, said Twitter now employs 2,300 people. — BBC
These were the details of the news Twitter sued by Crown Estate over alleged unpaid rent at UK HQ for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
