A Delaware judge on Thursday ordered halted Twitter Inc’s lawsuit against Elon Musk, giving the billionaire time to fund his $44 billion takeover of the social media platform.
The decision came after days of speculation about Musk’s intentions and removed the threat that the erratic entrepreneur would have to testify under oath this week about his claims that Twitter lied to him. The judge’s order stated that if Musk, the world’s richest person, did not close by her October 28 deadline of 5 p.m. EDT, she would schedule a trial for November. Twitter said in a statement, “We look forward to closing the transaction at $54.20 by October 28th.” In a previous court filing, the company urged the judge to reject Musk’s proposal, calling it “an invitation to further mischief and delay.”
