Elon Musk’s trial over a $44 billion takeover deal is “slow-walking,” according to Twitter.
Twitter Inc accused Tesla CEO Elon Musk on Monday of attempting to “slow walk” the social media giant’s lawsuit to hold him accountable for his $44 billion takeover. Twitter has requested that a trial be held in September to ensure that deal financing remains in place.
“Millions of Twitter shares trade every day under a cloud of Musk-created uncertainty,” Twitter said. “No public company of this size and scale has ever faced these risks.”
Twitter is suing Musk for attempting to back out of his $44 billion takeover deal. Twitter has requested that a Delaware judge order Musk to complete the transaction at the agreed-upon price of $54.20 per share.