Accused of 'Mischief,' Musk Gets Deadline in Twitter Deal

Company, billionaire trade insults in filings before court puts off trial
By Bob Cronin,  Newser Staff
Posted Oct 6, 2022 7:15 PM CDT
Accused of 'Mischief,' Musk Gets Deadline in Twitter Deal
The Leonard L. Williams Justice Center, which houses the Court of Chancery in Wilmington, Del., on Tuesday.   (AP Photo/Matt Rourke)

Close your purchase of Twitter by Oct. 28 or prepare for trial, a Delaware Chancery judge told Elon Musk on Thursday. The decision, which followed back-and-forth filings from the company and the suitor, effectively delays the proceeding, which had been scheduled for Oct. 17. Musk wanted more time to pull financing for the deal together, CNBC reports. The company's insistence on the court date is "recklessly putting the deal at risk," Musk said in a new filing. "Twitter will not take yes for an answer," the document says. Twitter responded in a later filing.

The company said granting Musk's request would lead to more "mischief and delay," per Yahoo Finance. Musk has brought "increasingly implausible claims and over and over sought to delay trial on the merits to enforce the merger agreement," the filing said. The billionaire revived his offer on Monday, after trying to abandon the deal for months. '"Trust us,' they say, 'we mean it this time,'" the Twitter filing says of Musk and his team. In a statement after the court's ruling, Twitter issued a statement saying it expected the deal to close at the price agreed upon in April, per the AP. The company sued Musk in July in an attempt to make him stick to the original terms. (Read more Twitter stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.