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Judge delays Twitter trial, gives Musk time to seal buyout

today10/07/2022 62

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A judge has delayed a looming trial between Twitter and Elon Musk.

The move gives the Tesla CEO more time to close his $44 billion deal to buy the social media company after months spent fighting to get out of it. Chancellor Kathaleen St. Jude McCormick, head of the Delaware Chancery Court, said Thursday that Musk and Twitter have until Oct. 28 to close the deal. She said that a trial set for Oct. 17 will happen in November if they don’t.  Musk renewed his offer Monday and asked to halt the trial to get the financing in order.

Twitter objected because he’d already backed out once.

 

Source: AP – All contents copyright 2022 Associated Press.  All rights reserved.

 

 

Written by: Editor

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