Technology

Musk Faces Deposition With Twitter Forward of October Trial


Tesla CEO Elon Musk is scheduled to spend the following few days with attorneys for Twitter, answering questions forward of an October trial that can decide whether or not he will have to lift via along with his $44 billion settlement to procure the social platform after making an attempt to again out of the deal.

The deposition, deliberate for Monday, Tuesday and a conceivable extension on Wednesday, is probably not public. As of Sunday night, it was once no longer transparent whether or not Musk will seem in individual or by means of video. The trial is ready to start October 17 in Delaware Chancery Court docket, the place it is scheduled to remaining simply 5 days.

Musk, the arena’s richest guy, agreed in April to shop for Twitter and take it non-public, providing $54.20 a proportion and vowing to loosen the corporate’s policing of content material and to root out pretend accounts. Twitter stocks closed Friday at $41.58.

Musk indicated in July that he sought after to again clear of the deal, prompting Twitter to document a lawsuit to pressure him to hold via with the purchase.


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