Why Elon Musk wants twitter trial to start in 2023?
Elon Musk and his legal team opposed Twitter’s desire to begin the trial in September by filing a motion with the Delaware Chancery court on Friday.
In response to Musk’s decision to abandon the $44 billion takeover of Twitter, the social media business filed suit against him.
Musk’s attorneys argued in the application that Twitter’s desire to fast-track the trial was “unjustifiable” and urged the court to deny the request.
Musk decided to end the contract because Twitter does not provide transparency on spam accounts on the service.
Musk claimed in his brief that Twitter had been “foot-dragging and obfuscating” for two months before suddenly demanding expediency. This, he alleged, was Twitter’s “latest tactic to shroud the truth about spam accounts long enough to railroad defendants into closing.”
Given that Twitter’s contract with Musk expires on October 25, 2022, the company has asked for the trial to begin in September.
Musk’s attorneys have requested that the merger trial begin in February 2023, which is five months later than Twitter had originally requested.
In the event that the trial does not conclude by April 2023, Musk’s transaction with Twitter may fall through as the debt financing package provided by banks for the billionaire’s acquisition will expire at that time.
Some industry watchers think Musk is trying to put off the trial so he can buy Networking sites at a discount.