“As a result, there is no need for an expedited trial to order defendants to do what they are already doing and this action is now moot,” the document showed. Musk said that the attorneys representing the debt financing parties have assured you that they are willing to meet their obligations.
Continuing the litigation would require a trial and appeals and could stretch out payment to Twitter shareholders for months. According to the document. “Twitter won’t take yes for an answer. Surprisingly, have insisted on going ahead with this litigationrecklessly putting the operation at risk and playing with the interests of its shareholders”, holds the document.
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Twitter shares ended the day down 3.7% to $49.39., on the New York Stock Exchange. Since Musk made the offer for him on Monday, talks have dragged on longer than some initially expectedaccording to sources close to the dispute.
Musk has raised $15.4 billion selling Tesla shares this year and relies on large investors for part of the financing. Now there is speculation aboutand if it will sell more shares of the electric vehicle manufacturer to finance the operation.
Source: Ambito
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