The court could in theory force Musk to complete the deal, though what seems most likely is a fat settlement.
The ongoing saga of Elon Musk's purported Twitter takeover should get some kind of resolution this year, thanks to what can only be interpreted as a win for Twitter in Delaware Chancery Court. A hearing was held on 19 July to determine when
The judge was Chancellor Kathaleen St. Jude McCormick, and the decision was that a trial date will be set for sometime in October 2022. The court concluded that"delay [of a resolution] threatens irreparable harm" to Twitter, and"the longer the delay, the greater the risk." Twitter wants Musk to be forced to complete the deal. This is one of the powers of a chancery court, which can compel people against their will to go through with transactions. While that would be an incredibly unlikely outcome here, the prospect of it may be what eventually leads to some sort of settlement. One suspects that what Twitter really wants here is to get a chunk of compensation and to move on from the circus.
The hearing itself saw Twitter's gloves come off. Up until this point, Musk has been happily trolling away on social media, most infamously tweeting a poop emoji at Twitter's CEO and making various allegations about the prevalence of bots on the platform, without much in the way of public pushback.
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