Musk's X reaches deal to drop Twitch from lawsuit over ad spending [Yahoo! Finance Canada]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: Yahoo! Finance Canada
In a court filing on Monday, X told a federal judge in Texas that it signed a "memorandum of understanding" to drop its case against Twitch if the Amazon.com subsidiary meets certain unspecified conditions by the end of the year. X sued Twitch in November as part of a larger lawsuit alleging about a dozen companies violated antitrust law by withdrawing advertising on the site. Twitch had not yet responded to the lawsuit. Amazon, Twitch and X did not immediately respond to requests for comment. The deal was at least the second by a defendant in the lawsuit, after X dismissed consumer goods giant Unilever from the case in October. London-based Unilever said in a statement then that X as part of the agreement "committed to meeting our responsibility standards to ensure the safety and performance of our brands on the platform." X's lawsuit accused the World Federation of Advertisers and some of its corporate members of conspiring to withhold billions of dollars in advertising r
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