Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
October 6, 2022 09:22 am

Elon Musks Twitter deposition reportedly delayed as companies work to close deal




Elon Musk in front of the Twitter logo.
Illustration by Kristen Radtke / The Verge; Getty Images



Elon Musk will no longer be deposed by Twitter’s lawyers on Thursday morning, after both sides agreed to a delay as they worked to close the $44 billion purchase of the social media network, the Financial Times and Bloomberg report. Musk was scheduled to be deposed for two days in Tesla’s home of Austin, Texas starting at 9:30AM, ahead of the trial’s scheduled start on October 17th. His deposition was previously pushed back from its original September 28th date due to COVID-19 exposure concerns.


Both sides are reportedly working to close the deal, after Musk informed Twitter this week of his intention to proceed with his original offer of $54.20 a share (though the New York Times reports that he had attempted to lower the price in...



Continue reading…




Original Link: https://www.theverge.com/2022/10/6/23390603/elon-musk-twitter-deposition-delayed-negotiations-deal-acqusition

Share this article:    Share on Facebook
View Full Article

The Verge

The Verge is an ambitious multimedia effort founded in 2011

More About this Source Visit The Verge