LONDON: Twitter is to be evicted from one of its US offices for failing to pay three months’ rent, a judge ruled on Wednesday.
The company has been given until the end of next month to leave the building in Boulder, Colorado, Denver Business Journal reported.
Elon Musk’s company was taken to court by building owner, the John Buck Co.
The Business Journal said that a deal signed in 2020 stipulated that Twitter was required to maintain a $968,000 line of credit to John Buck to cover potential missed rent payments.
That cash was exhausted in March, prompting John Buck to sue in May for reported arrears of $75,000.
Bloomberg reported earlier this month that Twitter is late on more than $10 million of payments to multiple companies.
