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."

Latest Posts

Now, anyone may use Twitter Circle to hide some posts

All users now have access to Twitter Circle, a tool that enables you to tweet just to a specific group of people. Before a wider release, the platform initially began testing the feature in May among "chosen people."

Google will broadcast advertisements to educate people about fake news

Following the success of Cambridge University's experiment, Google intends to broadcast adverts that educate consumers about misinformation strategies.