Wilmington A court in the US state of Delaware has rejected Tesla CEO Elon Musk’s request for a postponement of the proceedings in the dispute over a Twitter takeover bid. “I am convinced that even a delay of four weeks could cause further damage to Twitter,” Judge Kathaleen McCormick said on Wednesday.
Musk’s lawyers had argued in court on Tuesday that a postponement of the proceedings is necessary so that they could investigate the question of whether Twitter misjudged the security of the data.
In August, former Twitter security chief Peiter Zatko, who has made a name for himself as a hacker known as “Mudge,” said in a complaint that Twitter had falsely stated that it had a good security plan. Musk cites this as another reason not to complete the purchase.
Musk announced in April that he would acquire Twitter for $44 billion. In July, referring to Twitter’s alleged false statements about the number of fake accounts on the platform, he had declared that he would not complete the purchase. Musk and Twitter are suing each other.
Twitter wants the court to order the billionaire to close the deal at a price of $ 54.20 per share. Musk is seeking an injunction to be able to cancel the purchase and not have to pay the contractual penalty of one billion dollars agreed for this case.
