Wilmington In the dispute over the withdrawal of Elon Musk from the multi-billion dollar Twitter deal, the short message service accuses the Tesla founder of delaying the company’s lawsuit to complete the acquisition.
“Millions of Twitter shares are traded daily under a cloud of doubts created by Musk,” the social media platform said on Monday. No listed company of this size and scope has ever had to endure these uncertainties. Twitter has therefore asked the judge in charge to reject Musk’s proposal for a trial date in February, according to a court file.
Twitter continues to insist on a trial in September to ensure the financing of the deal: even if Musk is sentenced to close the deal, it could still take months to complete the debt financing due to possible further litigation, but it will expire in April. With the lawsuit, the San Francisco-based company wants to force Musk to go through with the merger at the agreed price of $ 54.20 per share.
Musk had previously said that Twitter was putting pressure on him because of the trial date to hide the truth about spam accounts and press him to buy the company. According to a report by the newspaper “New York Post”, Musk’s lawyers are considering a counterclaim to get more information about the spam accounts. Both sides will present their arguments regarding the proposed start date of Tuesday’s court hearing before a Delaware judge.
