Elon Musk’s months-long battle with Twitter took a new turn on Tuesday once the Tesla entrepreneur returned to his initial offer of $44 billion, which was made in April. However, it hasn’t yet ended. However, the two parties are still scheduled for a trial in Delaware on October 17 regarding Musk’s initial efforts to terminate the contract, despite Twitter’s claims that it plans to conclude the acquisition at the offered amount.
is Elon Musk the Owner of Twitter?
Nope, he isn’t the owner of Twitter yet, nor is it yet known whether or when he will. The transaction will go through as long as Musk secures the guaranteed loan funding and as long as the Delaware Chancery Court dismisses Twitter’s case over him, according to a statement Musk’s attorney wrote to the social media platform this week. Unless it can establish that the contract is genuine this time and not simply a deception, Twitter is unlikely to abandon its legal actions.
The Deal Between Elon Musk and Twitter: What Occurs Next?
Although the Delaware case’s judge has not officially commented on Musk’s new plan, whatsoever she remarks might influence what happens ahead. Suppose Twitter isn’t confident that the transaction is closed. In that case, the questioning of Musk by Twitter, which is scheduled to start on Thursday, and the trial itself, which is scheduled for October 17, could still proceed, according to Ann Lipton, an associated law professor at Tulane University.
