Tuesday, 06 Dec 2022

Twitter demands day in court after Elon Musk asks judge to halt upcoming trial

Twitter demands day in court after Elon Musk asks judge to halt upcoming trial


Twitter demands day in court after Elon Musk asks judge to halt upcoming trial

After spending months in a high-stakes court battle to get out of his April agreement to buy the social media company, Musk reversed course on Monday and offered to close the deal at the original price of $54.20 per share.

The five-day trial regarding the deal is scheduled to begin in Delaware on 17 October.

The company added that one of the banks in the consortium lending Musk $12.5bn said it had yet to be told by him that he intends to close the deal.

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