Elon Musk still trying to buy Twitter – ‘won’t take yes for an answer’
Elon Musk is hoping to complete his purchase of Twitter by the end of the month but the company “will not take yes for an answer.”
In the latest court filing, he said Twitter has raised concerns about the “theoretical possibility of a future failure to obtain debt financing” to pay for the deal.
Twitter does not trust that the offer would come through.
Back in July, Twitter sued the billionaire businessman after he tried to back out of buying the company.
But after a surprise u-turn on buying Twitter, Musk now says the litigation was no longer necessary – as he was now prepared to go through with the original takeover plan.
“There is no need for an expedited trial to order defendants to do what they are already doing,” Mr Musk’s attorneys wrote in a filing.
“Yet, 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 stockholder’s interests.”
In its own filing, Twitter said it was opposed to suspending litigation adding that it did not trust Mr Musk’s promises.
Elon Musk Twitter takeover
Elon Musk Twitter takeover saga continues – catch up with all the stories here
- Elon Musk makes U-turn on Twitter deal
- Twitter takes Elon Musk to court as he backs down from $44billion takeover bid