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Elon Musk Fails In Bid To Delay Trial Over Terminated Twitter Deal

Elon Musk fails in bid to delay trial over terminated Twitter deal

by theguardian
15 Sep 2022
in technology

1.9 k views

Elon Musk has failed in an attempt to delay a trial over his termination of a $44bn (£38bn) deal to buy Twitter.

The social media company is suing Musk over his decision to walk away from the transaction and is demanding that he complete the deal on the agreed terms.

In July Twitter sued Musk, who is also chief executive of the electric vehicle maker Tesla, to hold him to his April agreement to buy the company for $54.20 a share. The company has alleged that Musk got cold feet over the deal as global markets turned soon after the deal was signed.