Elon Musk's lawyers said Twitter is refusing to accept his renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial.
Trading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal to buy the company after months of legal battles.Elon Musk's lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire's renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial.
Musk's attorneys said the trial should be adjourned to leave more time for Musk to secure the financing.
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Elon Musk reviving offer to buy Twitter for $44 billion, reports say - KCBS Radio: On-DemandLISTEN: Reports are coming in that Tesla CEO Elon Musk is going forward with a $44 billion dollar proposal to purchase Twitter and plans to drop his court case against the company. brookskcbsradio has more on the story.
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