According to reports, Twitter said in a court document that the company did not object to a proposal by Elon Musk to start retaliating against Musk starting October 17. Abandoned the $44 billion takeover deal to go to trial, but the company wants a promise to complete the trial within five days.
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Musk said he needed time to complete a thorough investigation into Twitter’s fake accounts, which he said violated the terms of their agreement. He had initially hoped for a trial in February but proposed an Oct. 17 trial after a judge ruled Tuesday that proceedings would begin in three months.
Twitter called the fake accounts a distraction and urged a trial to begin as soon as possible to force Musk to comply, a delay the company said would hurt its business. Twitter said in court filings that Musk did not promise to commit to a trial within five days, as ordered by the Delaware Court of Chancery Judge Kathaleen McCormick.
“Twitter sought this commitment because it believes Musk’s goal remains to delay the trial and make the court order impractical to avoid a ruling on his contractual obligations,” the Twitter filing said. Musk’s lawyers did not respond to requests for comment.
Musk has also refuted claims that Twitter was dragging its feet in the face of his request for documents. Twitter said Musk refused to respond to the company’s complaint and that he was the one holding the process back. Twitter said it would clarify the issue and any counterclaims he may have.
Moreover, Shares of Twitter closed up 1.3 percent at $39.85 on Wednesday. Musk previously agreed to buy the company for $54.20 per share.
