Twitter’s bid to get Elon Musk to follow up with its multi-billion dollar bid to buy the social network will officially go to trial on October 17, a Delaware judge has confirmed.
as in bloomberg reported earlier todayThe ongoing feud between Twitter and the world’s richest man will come to light in the Delaware Court of Chancery from October 17-20.
The ongoing saga has seen many twists and turns since Twitter accepted Elon Musk’s $44 billion offer in April. Tesla and SpaceX CEOs decided they no longer want to buy Twitter, citing a lack of clarity on Twitter’s bot data, but Twitter is pushing to force the deal through legal action.
While Musk initially wanted to delay the trial until next February, a judge last week ruled that Twitter could expedite proceedings in October of this year — though we didn’t know a specific date until today. Musk can probably claim a small victory, though, given that he recently asked for a start date of October 17 versus Twitter’s request of October 10.
In its second-quarter earnings report last week, Twitter revealed that it spent $33 million on pending acquisitions during the last quarter, a figure that could only increase in the months ahead for testing.