Twitter had asked Chhance judge earlier on Thursday to proceed with the trial, saying the billionaire refuses to accept the “contractual obligations” of his April agreement to buy the social media company and take it private.Twitter disputed Mr Musk’s claim that the San Francisco-based company is refusing to accept his renewed bid.
But after the judge’s ruling, Twitter reiterated in a statement that it was ready to close the deal on the share price agreed upon in April: “We look forward to closing the transaction at 54.20 dollars by October 28th,” referring to the price Mr Musk originally offered for each Twitter share. Musk lawyers argued that Twitter was disagreeing with the trial delay “based on the theoretical possibility” of Mr Musk not coming up with the financing, which they called “baseless speculation”.
Musk lawyer Alex Spiro said in a statement on Thursday that “Twitter offered Mr Musk billions off the transaction price” but Mr Musk “refused because Twitter attempted to put certain self-serving conditions on the deal”.
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Time to finance ? He’s got his buddy putin now why you all think he’s all in for Russia
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