Tesla CEO Elon Musk is scheduled to spend the subsequent few days with legal professionals for Twitter, answering questions forward of an October trial that can decide whether or not he should carry by means of along with his $44 billion settlement to amass the social platform after making an attempt to again out of the deal.
The deposition, deliberate for Monday, Tuesday and a doable extension on Wednesday, is not going to be public. As of Sunday night it was not clear whether or not Musk will seem in particular person or by video. The trial is about to start October 17 in Delaware Chancery Court docket, the place it is scheduled to final simply 5 days.
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Musk, the world’s richest man, agreed in April to purchase Twitter and take it non-public, providing $54.20 a share and vowing to loosen the corporate’s policing of content material and to root out faux accounts. Twitter shares closed Friday at $41.58.
Musk indicated in July that he needed to again away from the deal, prompting Twitter to file a lawsuit to drive him to hold by means of with the acquisition.