In the latest development in the Twitter vs Elon Musk row, Tesla CEO has filed a motion opposing Twitter Inc's request to fast-track a trial after he terminated his $44 billion deal to buy the social media platform.
Reportedly, on Friday, Musk’s lawyer said to the Delaware Chancery Court that Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected.
In a major legal showdown between Twitter and Musk, the San Francisco-based company wants to resolve months of uncertainty for its business as Musk doesn’t want to buy the social media platform.
Twitter sued Musk on Tuesday for violating the deal to buy the platform, requesting the Delaware court to order Musk to complete the merger at the agreed price of $54.20 per share. Reportedly, Twitter requested to begin the trial in September because the merger agreement with Musk terminates on October 25.
Musk's lawyers, in papers filed with the Delaware Chancery Court, said, “Twitter's sudden request for warp speed after two months of foot-dragging and obfuscation is its latest tactic to shroud the truth about spam accounts long enough to railroad defendants into closing.”
Musk's lawyers argued the dispute over false and spam accounts is important to Twitter's value. They requested a trial date on or after February 13 next year.
Elon Musk’s deal to buy Twitter
Elon Musk had made a hostile bid to take over Twitter for a $44 billion deal. However, he had concerns regarding bot accounts. He threatened the board to call off the deal if the company did not provide evidence that less than 5 percent of the accounts on Twitter are bots.
Musk was in the limelight recently because he had twins with one of his top executives named Shivon Zilis last year. The twins were born a few weeks before Musk and Canadian singer Grimes had their second child via surrogacy.
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