Elon Musk has until October 28 to complete his takeover of Twitter if he wants to avoid a trial, according to a Delaware Chancery judge’s decision on Thursday.
The Telsa CEO had earlier in the day requested that Twitter put a halt to all legal action in order to complete the acquisition at the initial price of $54.20 per share. Twitter declined to comply.
Musk’s legal team has requested that Twitter postpone the Oct. 17 court date in a file with Delaware’s Court of Chancery last week so that the required money could be gathered to complete the acquisition by Oct. 28.
