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Days after renewing his provide to amass Twitter for $54.20 a share, Elon Musk is complaining that it is now Twitter that’s holding up the deal.

The 2 events are set to go to court docket over the disputed acquisition deal, however Musk on Thursday requested the Delaware court docket to cancel the October 17 trial date. The court docket rapidly moved to remain the trial till October 28, because the New York Occasions famous, giving the 2 events time to shut the deal.

Musk’s submitting claims that if the litigation had been put aside, the deal would shut on or round October 28. Nonetheless, it says, “a trial would hold the merger transaction in limbo for longer, casting an pointless cloud of uncertainty over the corporate.”

The social media web site sued Musk in July, claiming he couldn’t again out of his dedication to amass the corporate. Now that the deal is again on, Musk argues the case must be dropped. 

“Twitter is not going to take sure for a solution,” the submitting says. “Astonishingly, they’ve insisted on continuing with this litigation, recklessly placing the deal in danger and playing with their stockholders’ pursuits.”

After Musk earlier this week knowledgeable Twitter and the US Securities and Trade Fee (SEC) of his intent to comply with via with the deal, Twitter responded: “The intention of the Firm is to shut the transaction at $54.20 per share.” 

Musk this week mentioned he would renew his provide if the litigation had been dropped and if he secured the required financing. In his court docket submitting Thursday, Musk mentioned that “Twitter resists a keep [of the litigation] based mostly on the theoretical chance of a future failure to acquire the Debt Financing.”

Nonetheless, it continues, “no such failure has occurred to this point. Fairly on the contrary, counsel for the debt financing events has suggested that every of their purchasers is ready to honor its obligations.” 

Twitter didn’t instantly reply to a request for remark. 

Twitter has been in a state of turmoil since April, when Musk first mentioned he needed to purchase the social media platform. He lined up $46.5 billion in financing to again his unsolicited bid, counting on loans and $33.5 billion from his personal fairness. Because the deal materialized, a few of Twitter’s high executives had been pushed out of the corporate and others resigned. 

Nonetheless, Musk rapidly started suggesting the deal was “on maintain”, complaining concerning the variety of pretend accounts on the Twitter platform. Then in July, Musk mentioned he was backing out of the deal.

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