Judge says Twitter-Musk trial will kick off in October • The Register

The Twitter vs Elon Musk trial is set to start in October after a judge granted the social network’s request to speed up legal proceedings. Twitter sued the Tesla supremo last week, accusing him of breaching the terms of his offer to buy the website. Musk promised to take over the biz for $44 billion in cash, by offering $54.20 a share for Twitter stock, and is now trying to wriggle out of the deal without meeting his obligations, it was alleged. The tech tycoon, who waived the need for any due diligence, had planned to secure those billions by taking out loans from banks, getting help from his rich peers, and selling a chunk of his Tesla shares. However, the stock market took a dive amid economic anxiety and a drop in confidence. His Tesla shares are now worth a lot less, making the acquisition more and more expensive for him. Musk began backing away from the deal, publicly accusing Twitter of not being truthful about the number of fake bot accounts on its platform. Twitter denies any wrongdoing, and wants the world’s richest man to either cough up the money for its shares – or pay the $1…
Read More