Elon Musk failed in his attempt to delay testing over his attempt to back away from a Twitter purchase a few weeks ago. First richest man on planet earth wanted to take control of the social network for about 44,000 million dollars, but later wanted to cancel it by picking up the ropeTo which Twitter told him ‘nobody’, and of course, messed up.
test at the end. will be in Delaware from October 17Following a judge’s decision, which held that Musk’s request to delay his request until November would harm the little blue bird’s social network’s business.
Twitter sues Musk for his decision to break the purchase agreement, and asks you to complete the transaction on the agreed terms. According to Kathleen McCormick of the Delaware Chancery Court, “I believe even a four-week delay will be detrimental to Twitter”, stating that the trial will take place next month.
McCormick ruled that Musk’s counteroffensive against Twitter could be escalated The allegations of informant Peter Zatkos include, former head of security at Twitter. Zatko said that the company “Gross negligence in various areas of information security,
He also said that Twitter lied to Elon Musk about existing “bot” accounts on the social network, one of the keys that turned him back down in your purchase agreement. Musk’s lawyer, Alex Spiro, said that “They hope to win this motion so that it will take them one step closer to the truth, which will come out in that court.,
According to Musk, Zatko’s statements have substantially changed the value of the business and, therefore, declare the 44,000 million agreement invalid. A Twitter spokesperson had this to say:We expect to present our case in court by October 17th with the intention of closing the transaction with price and the agreed terms Mr. Musk“and that”Zatko’s statements were full of inconsistencies and inaccuracies, and a significant portion of the context is missing.,
A Boston University professor admitted Not being able to postpone the trial as a “big defeat” for MuskieIn which there is no additional time to better prepare the matter, other than taking into account Zatko’s statements.
We will see how things turn out next month.If Elon Musk has to buy Twitter reluctantly (and with a nice bite to his fortune) or if he gets out of it all.