According to reports, Tesla CEO Elon Musk’s lawyers asked the court to hear the lawsuit brought by Twitter from October 17th to 21st. On April 26 this year, Musk and Twitter reached an acquisition agreement. Musk will acquire Twitter for $54.20 per share in cash, with a total transaction value of about $44 billion.
But on July 9, Musk announced that the deal would be terminated after Twitter violated several terms of the agreement, including the issue of fake accounts. On July 13, Twitter filed a lawsuit against Musk, demanding that Musk continue to execute the acquisition agreement. Twitter hopes the court will hear the case quickly in September.
On July 20, a judge ruled that the case will be heard in October this year and is expected to last five days. Today, Musk’s legal team asked the court to hear the case from October 17 to 21. Twitter, however, insisted it hoped the court would open on October 10.
Twitter has previously said it hoped the court would hear the case “quickly” to avoid potential risks from a downturn and stalled deals.