Judge Kathaleen McCormick at the Delaware Chancery Court in the US said that the "action is stayed until 5 p.m. on October 28, 2022, to permit the parties to close on the transaction. Get more Technology News and Business News on Zee Business.
The ongoing litigation between Elon Musk and Twitter Inc is likely to end in the coming days, clearing the way for the world's richest person to close his $44 billion deal for the social media firm, Reuters reported. On Monday, Musk proposed to Twitter that he would abide by his April agreement to buy the company for $54.20 per share, if Twitter dropped its litigation against him.