TELETRADER News
7/29/2022, 4:06 PM (Source: TeleTrader)
more TeleTrader news

Trial on scrapped Musk-Twitter deal to start October 17

The trial on Twitter's lawsuit against Elon Musk over the billionaire's decision to cancel the $44 billion acquisition deal is expected to take place from October 17 through October 21, a court filing unveiled on Friday.

However, Musk has an option to file any counterclaims until Friday afternoon, according to Delaware judge Kathaleen McCormick, with reports suggesting the billionaire might request financial damages for the disputed merger agreement over Twitter failing to provide him with the actual number of bot accounts on the social media platform.

Twitter, on the other hand, asked the court to make Musk close the acquisition deal at the agreed $54.20 per share.

Baha Breaking News (BBN) / ND