Elon Musk and Twitter haven’t yet reached an agreement to finish the litigation and clear the best way for the world’s richest person to shut his $44-billion deal for the social media platform, two sources aware of the litigation told Reuters on Wednesday.
“Regulate the docket,” said one source.
Twitter’s legal team and lawyers for Musk, the world’s richest person, updated the judge who’s overseeing the litigation on Tuesday to try to beat mutual distrust and discover a process for closing the deal.
Musk is scheduled to be deposed on Thursday in Austin, Texas.
Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos on this picture illustration taken April 28, 2022.
Dado Ruvic | Reuters
“That is the pressure point,” said a second source.
Musk canceled a deposition in late September citing concerns a few Twitter attorney’s possible exposure to someone who later tested positive for COVID-19, in line with a court filing made public on Wednesday.
Musk, who can be chief executive of electrical vehicle maker Tesla, said in July he was walking away from the April takeover agreement because he discovered Twitter had allegedly misled him concerning the amount of faux accounts, amongst other claims.
