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Elon Musk and Twitter are yet to end the litigation and clear the way for the social media platform to close a $44 billion deal for the world’s richest man, two sources familiar with the lawsuit told Reuters on Wednesday. Haven’t reached agreement.
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“Keep an eye on the docket,” said a source.
Twitter’s legal team and lawyers for Musk, the world’s richest man, updated the judge overseeing the trial on Tuesday to find a process to resolve mutual mistrust and close the deal.
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Musk is to appear in Austin, Texas on Thursday.
“That’s the pressure point,” said a second source.
Musk retracted a statement in late September citing concerns about the potential exposure of a Twitter attorney who later tested positive for COVID-19, a courtroom statement made public Wednesday. According to the filing.
Musk, who is also the chief executive of electric vehicle maker Tesla, said in July that he was walking away from the April acquisition deal after he learned that Twitter had allegedly made him aware of what amounted to fake accounts, among other claims. But was misled.
