Twitter, Elon Musk head to October trial over $44B deal

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Twitter Inc's lawsuit seeking to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge ruled on Tuesday

The ruling is a blow to Musk who pushed for a trial in February which his lawyer told the court would allow for an extensive investigation into the true number of spam accounts on the platform. Twitter had requested a September trial.

Twitter’s lawyer William Savitt argued during the hearing that the number of bot and spam accounts on its service had no bearing on its deal with Musk. He said Musk seized on the issue because he was seeking to “conjure an exit ramp for a deal that doesn’t have one.”Musk had argued an expedited trial would prevent the truth about spam from coming to light.

 

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