Elon Musk’s attorneys formally asked a judge to stay the trial set to start Oct. 17 after the Telsa CEO earlier this week agreed again to buy Twitter for the original deal price of $44 billion
Twitter’s carefully worded response back on Tuesday to the renewed offer was that it also intended to close the deal for the original price, of $54.20 a share. But the social media company has been reluctant to end legal proceedings without guarantees given Musk’s previous about-face and questions over financing.
Musk’s team insisted in a court motion filed this afternoon that “debt financing parties are working cooperatively to fund the close,” which is now expected “on or around Oct. 28.”
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