Twitter is suing Musk for pulling out of a deal he made to buy the company for around $44 billion.
Twitter and Tesla CEO Elon Musk will go to trial starting on October 17 in Delaware to resolve Musk’s attempt to cancel his acquisition of the company, unless they reach a settlement first.
The social networking company sued Musk, who is also the CEO of SpaceX, for pulling out of a deal he first proposed in April to buy Twitter for about $44 billion at $54.20 per share.
The Delaware judge who is deciding the case, Chancellor Kathaleen St. J. McCormick, advised Twitter’s and Musk’s attorneys of a number of aggressive deadlines to prepare for a possible trial.
