Twitter faces rent-related legal action from Crown Estate

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Twitter faces rent-related legal action from Crown Estate

In the U.K., Twitter has been facing rent-related legal action from the Crown Estate.

The Crown Estate told FOX Business that the court proceedings were issued on Tuesday to the social media company in connection with outstanding rent that the company allegedly owes for its London Office. It had reached out to Twitter before it did so.

According to the Crown Estate, they are currently engaged in talks.

The Crown Estate is an independent commercial business, created by an act of Parliament, with a wide range of UK buildings, shoreline, seabed, forestry, agriculture and common land, according to the U.K. government. One of the assets within its portfolio is the Windsor Estate.

The Crown Estate says over 3 billion dollars have been generated for public spending over the course of the last 10 years.

There was no response from Twitter to a request for comment at the time of publication.

In addition to the proceedings in the U.K. Twitter has seen legal action pertaining to rent taken against it in the U.S. this month. SRI Nine Market Square LLC has been sued for a series of allegations about Twitter being in arrears on a few million dollars in rent for the social media platform's headquarters in San Francisco, according to the Wall Street Journal.

In late October, the social media company was acquired by Tesla CEO Elon Musk. His takeover came over six months after he first revealed plans to buy Twitter and after a lengthy legal battle in which a Delaware court gave him and the company a deadline to finish the deal.

Under Musk, Twitter has taken steps to curb costs. Many Twitter employees were let go during a large round of layoffs not long after the acquisition. There are reports that the company is reducing its physical footprint by closing Seattle and New York City office spaces.

HIGHER PRICED Musk has made changes to Twitter's site, including a purchasable verification badge and ending enforcement under its COVID 19 misleading misinformation policy. He wants to hike the per-tweet character limit and offer a higher priced subscription that allows zero ads, as well as other things he wants to do.