The Twitter-Musk acquisition issue will go to trial in October
Elon Musk, the richest man in the world, has lost his request for a postponement after a US court ruled that Twitter's case against him go to trial in October.
When Musk withdrew from his $44 billion (£36 billion) offer to purchase Twitter earlier in July, the firm decided to sue him. Twitter is hoping that the court will direct Musk to finalise the acquisition at the agreed-upon share price of $54.20. The software tycoon claims that Twitter is hiding information regarding bogus accounts.
Due to the complexity of the case, his legal team requested that the trial start early in 2023, but Twitter requested a September date. A Delaware court agreed with the business on Tuesday, stating that a trial postponement would create a "fog of uncertainty."
Kathaleen St Jude McCormick, the chancellor, stated that "delay threatens irreparable harm." "The risk increases with the length of the delay."
Prior to the proposed merger, Musk was charged with a "large list" of breaches, according to the lawsuit, and it was claimed that he "cast a cloud" over the business. Twitter's main attorney William Savitt stated during the hearing on Tuesday that the lingering uncertainty regarding whether the merger would proceed or not "inflicts injury on Twitter everyday."
Anti-hate speech activists claim that 43 players were the targets of reported posts, which are still up and raising fears about potential abuse during the World Cup.