Twitter Says No To Elon’s Renewed Offer To Buy Company, Musk Lawyers Say

  • Post category:News / US News

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A tentative agreement reached earlier this week for Tesla and SpaceX CEO Elon Musk to purchase Twitter has reportedly stalled, with Musk’s lawyers claiming that Twitter has refused to accept the proposal, according to the Associated Press.

The report comes just two days after Musk and Twitter announced plans to “close the transaction” at the original $44 billion price set in an April 2022 deal. Twitter eventually sued Musk to force him to comply with the terms of that initial deal, after Musk repeatedly attempted to escape it, but Musk’s lawyers now claim that Twitter is requesting the Oct. 17 trial be halted, according to the AP.

Lawyers for both Musk and Twitter were working on the details of the deal as recently as Thursday morning, according to the WSJ. Both sides were seeking to halt the proposed trial to allow for more time to complete a deal, but the dialogue between the two had the potential to “change quickly,” the WSJ reported, citing an anonymous source familiar with the matter.

Shares of Twitter shot up dramatically after the tentative deal was announced earlier this week, netting some investors massive windfalls in the process, The Wall Street Journal reported.

Neither Twitter nor Musk’s lawyers immediately responded to a Daily Caller News Foundation’s request for comment.

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Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

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