Elon Musk, Twitter have nonetheless to reach offer to stop litigation — resources

Elon Musk, Twitter have nonetheless to reach offer to stop litigation — resources


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

Dado Ruvic | Reuters

Elon Musk and Twitter have not but achieved an arrangement to finish the litigation and crystal clear the way for the world’s richest human being to near his $44-billion deal for the social media system, two resources acquainted with the litigation explained to Reuters on Wednesday.

“Preserve an eye on the docket,” stated 1 supply.

Twitter’s legal group and attorneys for Musk, the world’s richest individual, up to date the choose who is overseeing the litigation on Tuesday to test to prevail over mutual distrust and obtain a approach for closing the offer.

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

“That is the tension point,” mentioned a second supply.

Musk canceled a deposition in late September citing issues about a Twitter attorney’s doable exposure to an individual who later analyzed favourable for COVID-19, in accordance to a courtroom submitting made general public on Wednesday.

Musk, who is also main govt of electrical automobile maker Tesla, reported in July he was walking absent from the April takeover agreement because he learned Twitter had allegedly misled him about the sum of pretend accounts, among the other statements.



Resource

CNBC Daily Open: Takaichi and the AI trade in focus this week
Technology

CNBC Daily Open: Takaichi and the AI trade in focus this week

Japan’s Prime Minister Sanae Takaichi, leader of the ruling Liberal Democratic Party (LDP), speaks during a press conference at the LDP headquarters in Tokyo, Japan, on February 9, 2026. Franck Robicho | Anadolu | Getty Images There’s nearly nothing that apparently can’t be deployed as a trading strategy. We have the “TACO” trade, the Fed […]

Read More
Tesla exec Raj Jegannathan leaves automaker after 13 years
Technology

Tesla exec Raj Jegannathan leaves automaker after 13 years

Tesla electric vehicles outside the company’s manufacturing facility in Fremont, California, Feb. 24, 2025. Mike Kai Chen | Bloomberg | Getty Images Tesla Vice President Raj Jegannathan, a 13-year veteran of the automaker, announced his departure from the company on Monday in a LinkedIn post. Jegannathan’s most recent title was vice president of IT, AI-infrastructure, […]

Read More
Alphabet calls out new AI-related risks, as it taps debt market to fund buildout
Technology

Alphabet calls out new AI-related risks, as it taps debt market to fund buildout

Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025. David Paul Morris | Bloomberg | Getty Images As Alphabet returns to the debt market to fund its artificial intelligence buildout, the company is acknowledging new risks tied to the rise of AI […]

Read More