Lawyers for Tesla CEO Elon Musk on Thursday asked a Delaware court to halt a trial later this month and suggested Twitter is refusing his new $44 billion offer to purchase the social media company.
His lawyers filed a motion to stay the proceedings and remove the trial from Delaware’s Court of Chancery’s calendar that was scheduled to start on Oct. 17.
“Twitter will not take yes for an answer,” the filing said (pdf). “Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests.”
Earlier this week, Musk confirmed his intention to purchase Twitter for $54.20 per share, or $44 billion, according to a filing with the Securities and Exchange Commission (SEC). The San Francisco-based social media firm later confirmed in a statement that it received the letter….