Elon Musk seeks stay of Twitter litigation for Oct. 28 deal close
- United States
Elon Musk requested a judge stay his litigation with Twitter Inc pending the receipt of financing for the $44 billion deal, which he said is expected to close at $54.20 per share on or around Oct. 28, according to a court filing.
"As a result there is no need for an expedited trial to order Defendants to do what they are already doing and this action is now moot," said the filing. A five-day trial is scheduled to begin Oct. 17 and Musk was scheduled to be deposed on Thursday, although the parties mutually agreed to postpone his interview, sources told Reuters.
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