Elon Musk’s monthslong tussle with Twitter took another twist this week when the Tesla billionaire appeared to return to where he began in April — offering to buy the business for $44 billion.
But it’s not over . Twitter states it plans to close the offer at the agreed-upon rate, however the 2 sides are still reserved for an Oct. 17 trial in Delaware over Musk’s earlier tries to end the offer.
The judge administering over the case stated this week that she will “continue to press on towards our trial” since neither side has officially moved to stop it and on Thursday she bought both sides to wrap up disagreements over proof.
IS THE TRIAL STILL ON?
Chancellor Kathaleen St. Jude McCormick, the Delaware Chancery Court’s head judge, hasn’t clearly weighed in on Musk’s brand-new proposition, however in a Wednesday judgment on an unassociated proof disagreement she made clear that absolutelynothing had altered for the court.
“The celebrations have not submitted a terms to stay this action, nor has any celebration moved for a remain,” she composed. “I, forthatreason, continue to press on towards our trial set to start on October 17.”
On Thursday, she restated that the “trial is quick approaching” in a letter to attorneys and bought Musk’s side to respond to impressive evidentiary conflicts by midday Friday.
Musk’s legalrepresentative informed Twitter this week that the Tesla CEO will total the offer a