The company's stock value began to rise on the news that Musk wanted to go through with the deal Tuesday afternoon before trading was paused.
on Tuesday afternoon, following a major and rapid value spike after the publication of the Bloomberg article. As of writing, share prices had peaked at $49.85, still far less than the promised Musk purchase price. Shares are now frozen at $47.93.
According to the Wall Street Journal, an emergency hearing regarding the confidential letter, filed with the Delaware court, has been scheduled for today. Many Twitter employeestrying to back out of his $44 billion acquisition of the social media site basically since the deal began. Musk has repeatedly claimed that the number of bots on the platform, and Twitter’s management and tally of those bots, is in violation of the purchase contract. In response, Twitter sued Musk in Delaware’s Court of Chancery—the nation’s premier business dispute court.
Musk was scheduled to be deposed Thursday and Friday in the ongoing Twitter legal fight, after his deposition
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