The five-day trial to decide whether the world’s richest man will be forced to purchase social media behemoth Twitter Inc. will begin Oct. 17 in Wilmington, a Chancery Court judge decided last week. Twitter sued Tesla founder Elon Musk after he withdrew from an agreement to take the platform private for $44 billion, or $54.20 per share. Musk announced he …
A Delaware judge ruled Tuesday that social media behemoth Twitter Inc. and the world’s richest man, Elon Musk, will face off in a five-day trial beginning in October. Attorneys for Twitter asked Chancellor Kathaleen St. Jude McCormick to grant an expedited trial in the company’s lawsuit against Musk. Twitter sued Musk in the Delaware Court of Chancery after he announced …
A Delaware judge will decide whether Elon Musk should be forced to follow through with his $44 billion acquisition of social media giant Twitter. Musk offered to purchase Twitter on April 14, 2022, after previously acquiring 9.1% of the company’s stock, becoming its largest shareholder. On July 8, he terminated the deal, claiming that Twitter breached their agreement by refusing …
