And the billionaire’s lawyers asked, a few hours ago, to suspend the lawsuit filed by Twitter with the aim of forcing Musk to complete the purchase operation.
They expressed their expectation that the deal would be completed in the “period around October 28”.
In April, Elon Musk offered Twitter’s board of directors to buy the platform for $ 44 billion, before withdrawing his offer a few weeks later.
And in a new development recorded in the case, Musk offered Monday to go ahead with the acquisition at the original agreed price once the necessary funds were received and after Twitter dropped the lawsuit against him.
After months of the quirky businessman attacking the platform and changing his mind several times, the company wanted clear and quick proof that he was serious about the deal.
On Thursday, Twitter’s attorneys opposed Musk’s adjournment of the trial, describing the proposal as aimed at further deceptions and delays.
And Judge Kathleen McCormick finally issued her decision to “suspend judicial proceedings until five in the evening of October 28, 2022, to allow the parties to complete the settlement.”
“If the agreement is not completed (by this date), the parties will have to contact me (the judge) by email to obtain the dates of the trial, which will take place in November,” the decision continues.
This judge’s move surprised many observers, because it looked like the tide was turning in Twitter’s favor. Delaware law, where similar case trials usually take place, encourages compliance with contracts and agreements.
