In a court filing on Thursday, Elon Musk said he wants Twitter to call off existing litigation in order to close the deal at $54.20 a share this month.
Twitter countered in its own legal filing that it disagrees with Musk's assertion, and indicated that it's refusing to drop the lawsuit.The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone.A Delaware Chancery judge ruled Thursday that Elon Musk has until Oct. 28 to close his acquisition of Twitter if he wants to avoid a trial, granting Musk a slight delay.
In a filing with Delaware's Court of Chancery on Thursday, Musk's side said Twitter should drop the court date scheduled for Oct. 17, so that the necessary financing can be pulled together to wrap up the acquisition by Oct. 28.
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