A tentative agreement reached earlier this week for Tesla and SpaceX CEO Elon Musk to purchase Twitter has reportedly stalled, with Musk’s lawyers claiming that Twitter has refused to accept the proposal.
The announcement comes just two days after Musk and Twitter announced plans to “close the transaction” at the original $44 billion price set in an April 2022 deal. Twitter eventually sued Musk to force him to comply with the terms of that initial deal, after Musk repeatedly attempted to escape it, but Musk’s lawyers now ask that the Oct. 17 trial be halted, according to a filing by Musk’s lawyers, claiming Twitter is now refusing to accept the deal.
Shortly after Musk’s lawyers filed the request, a Delaware judge ordered a stay on the lawsuit until on Oct. 28 to permit the parties to close the deal, according to a Thursday court filing. The decision was made over Twitter’s objections, with the social media giant arguing that agreements with Musk’s team did not guarantee the deal closed in time.
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“Twitter will not take yes for an answer,” the filing by Musk’s lawyers reads. “Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests.”
more at dailycaller.com
