Elon Musk’s lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire’s renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial.
FILE - Traders gather around a post as Twitter shares resume trading on the floor at the New York Stock Exchange in New York, on Oct. 4, 2022. Elon Musks lawyers said Thursday, Oct. 6, that Twitter is refusing to accept the Tesla billionaires renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial.
Twitter said Musk should be aiming to close the deal by Monday, ahead of a trial set to begin a week later on Oct. 17. Musk’s attorneys said earlier Thursday that the trial should be adjourned to leave more time for Musk to secure the financing. Musk attorneys argue that Twitter is disagreeing with the trial delay “based on the theoretical possibility” of Musk not coming up with the financing, which they call “baseless speculation.”
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