Elon Musk's lawyers say Twitter is refusing the Tesla billionaire's renewed $44 billion bid for the social media company and have asked a Delaware court to halt an upcoming trial.
Musk made a renewed offer to take over the social media platform earlier this week, hoping to end a protracted legal dispute that began when Musk tried to back out of the April deal and Twitter sued.Twitter said earlier this week that it intends to close the deal at the agreed-upon price, but the two sides are still booked for an Oct. 17 trial in Delaware over Musk’s earlier attempts to terminate the deal.
FILE - In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone. Since Twitter sued Musk to force him to complete the purchase after he tried to back out four months ago, it is unlikely the San Francisco-based company — whose shareholders have voted to approve the deal — will walk away from the agreement.
Eric Talley, a Columbia University law professor, tweeted Thursday that Twitter "is absolutely right not to take ‘yes’ for an answer, and everyone knows why. ." He added that Twitter would, however, take a "certified bank transfer" from Musk.
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