Elon Musk-Twitter trial over US$44 billion deal to start on October 17
- The trial in a Delaware court is set to last five days to decide whether the Tesla boss can walk away from the deal
- Musk said he was ‘terminating’ the agreement on accusations Twitter misled him regarding its tally of spam accounts
Twitter’s lawsuit to force Elon Musk to complete his US$44 billion buyout bid is set to go to trial on October 17, a US judge has ordered, in a case with major stakes for both sides.
The trial is due to open in a court in the eastern state of Delaware and is set to last five days to decide whether Musk can walk away from the deal.
The Tesla boss wooed Twitter’s board with a US$54.20 per-share offer, but then in July announced he was “terminating” their agreement on accusations the firm misled him regarding its tally of fake and spam accounts.
Twitter has countered by saying Musk already agreed to the deal and can’t back out now.
An order from the judge handling the case, Kathaleen McCormick, lays out an expedited schedule to resolve a fight that has left Twitter in limbo.