Once the acquisition is completed, Twitter will most likely dismiss its lawsuit against Mr. Musk’s proposal, it could request that the trial be postponed until the deal is completed, Mr. Quinn, a professor at Boston College Law School. “Procedurally, Twitter has done everything they need to do to close this deal,” said Brian J.M. Musk to pay a daily interest fee for every day that has passed since shareholders approved the deal on Sept. Musk agree to have the court supervise the deal’s closing, three people familiar with the matter said. The potential agreement follows months of disputes that have created existential challenges for Twitter, cratering its share price, demoralizing its employees and spooking the advertisers it relies on for revenue. Musk has said it was a “mistake” for Twitter to bar Mr. Musk does take over Twitter, one of his first big moves could be allowing Mr. Trump, whom the company barred from its platform last year after the Jan. Musk and politicians like former President Donald J. Musk has preoccupied Silicon Valley, Wall Street and Washington because Twitter has for years been an online bullhorn for opinionated tech industry billionaires like Mr. Twitter has barely been profitable for most of its history and is dwarfed in size by other social media platforms like Facebook and the much younger TikTok. Musk is scheduled to be deposed on Thursday and Friday in Austin, Texas, according to a legal filing. Musk, who runs the electric automaker Tesla, and senior Twitter executives. The trial most likely would have featured testimony from Mr. Musk pay interest on the deal price for the delays in completing the acquisition, one of those people added.Ī deal would allow both sides to avoid a messy trial that was expected to start in two weeks in Delaware Chancery Court. Musk to follow through with his new proposal, said three people familiar with the company’s plans, who were not authorized to speak publicly about them. Twitter may ask a court in Delaware, where it filed its suit, for protections that would force Mr. Musk’s letter and reiterated the company’s intention to close the deal. In a short statement, Twitter said it had received Mr.
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