NEW YORK — Elon Musk’s lawyers said Thursday that Twitter is refusing the Tesla billionaire’s renewed $44 billion bid for the social media company and have asked a Delaware court to halt an upcoming trial.
Musk made a renewed offer to take over to company earlier this week to end a protracted legal dispute that began when Musk tried to back out of the April deal and Twitter sued.Since Twitter sued Musk to force him to complete the purchase after he tried to back out four months ago, it is unlikely the company — whose shareholders have voted to approve the deal — will walk away from the agreement.
Rather, it’s likely that the San Francisco-based company is seeking assurances from Musk’s side that this time he’s serious and won’t walk away again. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.