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Twitter Is Refusing Musk’s Renewed Offer: Report

by Newsbusters
October 6, 2022
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Twitter Is Refusing Musk’s Renewed Offer: Report

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Twitter is reportedly declining Elon Musk’s renewed offer to purchase the platform for $44 billion in an effort to keep the trial going. ABC News reported Thursday that the Tesla CEO’s attorneys claim that the company “will not take yes for an answer.”

“Twitter will not take yes for an answer. Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests,” the report said Musk’s attorneys alleged in a court filing.

The report also says Musk’s attorneys asked the judge to stay the upcoming Oct. 17 trial to Oct. 28–the date when he expects to close the deal. Twitter reportedly opposes the motion over concerns that Musk will not be able to acquire financing in time.

Another attorney for Musk, however, also said that Twitter is the one holding up the deal.”Twitter offered Mr. Musk billions off the transaction price. Mr. […]

Read the rest of this story here: www.newsbusters.org

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