Musk’s X reaches deal to drop Twitch from lawsuit over ad spending


'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo

(Reuters) - Elon Musk’s X has reached an agreement to resolve claims that live streaming service Twitch conspired with other companies and an advertising industry group to boycott the social media platform, causing it to lose ad revenue.

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.

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