Technology

Elon Musk, Twitter have but to achieve deal to finish litigation — sources

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Twitter can take a hard line because they have the winning hand, says NYT's James Stewart

Elon Musk and Twitter haven’t but reached an settlement to finish the litigation and clear the way in which for the world’s richest particular person to shut his $44-billion deal for the social media platform, two sources aware of the litigation instructed Reuters on Wednesday.

“Control the docket,” stated one supply.

Twitter’s authorized staff and legal professionals for Musk, the world’s richest particular person, up to date the decide who’s overseeing the litigation on Tuesday to attempt to overcome mutual mistrust and discover a course of for closing the deal.

Musk is scheduled to be deposed on Thursday in Austin, Texas.

Elon Musk’s Twitter profile is seen on a smartphone positioned on printed Twitter logos on this image illustration taken April 28, 2022.

Dado Ruvic | Reuters

“That is the stress level,” stated a second supply.

Musk canceled a deposition in late September citing considerations a couple of Twitter legal professional’s attainable publicity to somebody who later examined constructive for COVID-19, in line with a court docket submitting made public on Wednesday.

Musk, who can be chief govt of electrical automobile maker Tesla, stated in July he was strolling away from the April takeover settlement as a result of he found Twitter had allegedly misled him concerning the quantity of faux accounts, amongst different claims.

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