New York — Elon Musk’s lawyers said Thursday that Twitter is refusing to accept Tesla’s $44 billion bid to buy the social media company and are asking a Delaware court to stop an upcoming trial. Musk made a renewed offer to take over the company earlier this week, hoping to end a protracted legal dispute that began when Musk tried to renege on the April deal and Twitter sued. Twitter representatives did not immediately respond to messages for comment. Twitter said earlier this week that it intends to close the…
Read MoreTag: Shareholders
Musk reportedly proposes going ahead with deal to buy Twitter after months of legal battles!
Trading in Twitter shares has been halted after shares surged due to reports that Elon Musk will continue his $44 billion deal to buy the company after months of legal battles. Musk offered to buy the San Francisco company for $54.20. Shares jumped nearly 13% to $47.95 before trading halted. Bloomberg News reported Tuesday that Musk made the proposal in a letter to Twitter, according to unidentified people familiar with the case. Musk had been trying to back out of the deal for several months after he signed up to…
Read More