Cutting Elon story short
The Twitter vs Elon Musk trial is set to start in October after a judge granted the social network's request to speed up legal proceedings.the Tesla supremo last week, accusing him of breaching the terms of his offer to buy the website. Musk promised to take over the biz for $44 billion in cash, by offering $54.20 a share for Twitter stock, and is now trying to wriggle out of the deal without meeting his obligations, it was alleged.
The values of his Tesla shares are now worth a lot less, making the acquisition more and more expensive for him. Musk began backing away from the deal, publicly accusing Twitter of not being truthful about the number of fake bot accounts on its platform. Twitter denies any wrongdoing, and wants the world's richest man to either cough up the money for its shares – or pay the $1 billion break-up fee he owes for quitting the deal.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aaron Judge has learned to make small adjustments to get big resultsAaron Judge has the size and strength to drive just about any pitch over the wall. But he is also a meticulous preparer, coaches and teammates say, who has made small adjustments to get big results. lindseyadler with more:
Read more »
Twitter-Musk takeover dispute heading for October trialTwitter hopes that the trial will end with a court order for Musk to complete a $44bn takeover bid.
Read more »
Twitter-Musk Takeover Dispute Heading For an October TrialElon Musk lost a fight to delay Twitter’s lawsuit against him as a judge cited a “cloud of uncertainty” over the social media company.
Read more »
Twitter and Elon Musk set for October showdown trial as it tries to force tycoon to complete $44bn takeover dealThe world's richest man said he was pulling out of a deal this month to buy the social media giant for $44bn (£36.6bn), but the company is suing him to try to force him to carry out his earlier promise in April to acquire it.
Read more »
Twitter accuses Musk of 'sabotage' and gets the early trial it wantedThe court could in theory force Musk to complete the deal, though what seems most likely is a fat settlement.
Read more »