Elon Musk, Twitter CEO delay questioning ahead of October trial - News Summed Up

Elon Musk, Twitter CEO delay questioning ahead of October trial


Tesla CEO Elon Musk won a reprieve from questioning by Twitter lawyers Monday, according to several press reports. The billionaire had been scheduled to give a deposition in his high-stakes court fight with Twitter over whether he has to follow through with his agreement to buy the social platform for $44 billion.Instead, Musk's questioning was postponed to a future date. That enthusiasm waned later in the day. Twitter shares closed Monday at $41.58, eight cents higher than they opened.Court watchers said that such postponements are not unusual ahead of major pretrial hearings. In July, he attempted to back out of the deal, leveling a number of charges at Twitter as justification for his action.Twitter subsequently sued Musk to force him to complete the acquisition.


Source: Economic Times September 28, 2022 05:00 UTC



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