Elon Musk says Twitter deal expected to close by October 28
Patrick Pleul/Getty Images; Twitter; Vicky Leta/InsiderOn Monday night, Musk sent a letter agreeing to the $44 billion deal after months of attempting to back out.
"Twitter will not take yes for an answer. Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders' interests," the court filing reads."Proceeding toward trial is not only an enormous waste of party and judicial resources, it will undermine the ability of the parties to close the transaction.
Musk's personal attorney Alex Spiro of Quinn Emanuel Urquhart & Sullivan said the Tesla CEO filed the motion to stay because Twitter executives and board members are"acting against the interest of shareholders."
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