Musk’s Lawyers: Twitter Is Refusing Our Renewed Bid

The Associated Press reports:

Elon Musk’s lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire’s renewed $44 billion bid for the social media company. Musk made a renewed offer to take over to company earlier this week, hoping to end a protracted legal dispute that began when Musk tried to back out of the April deal and Twitter sued.

Musk’s attorneys said the trial should be adjourned to leave more time for Musk to secure the financing.

Since Twitter sued Musk to force him to complete the purchase after he tried to back out four months ago, it is unlikely the San Francisco-based company — whose shareholders have voted to approve the deal — will walk away from the agreement. Rather, it’s likely Twitter is seeking assurances from Musk’s side that this time he’s serious and won’t walk away again.

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