Elon Musk is expected to meet Friday’s (Oct 28) deadline to materialise $44 billion Twitter deal to avoid a trial in the court.
Twitter filed a lawsuit against Musk to influence him to buy the social media giant when he tried to cancel the deal.
On Wednesday, Elon Musk indicated the deal was on track and he changed his Twitter profile to “Chief Twit”. He also posted his video of walking into the head-office of Twitter in California.
“On Friday, we can hear that Elon Musk has purchased Twitter,” University of California, Berkeley, law professor Adam Badawi told media.
The world’s richest man, Elon Musk has been arranging financing since Delaware Judge Kathaleen McCormick paused litigation on October 6. If the buyout doesn’t close by the end of the business day, the judge will likely “bring the hammer down” and head quickly to trial, Badawi added.
Musk tried to step back from the Twitter deal soon after his unsolicited offer was accepted, and said in July he was canceling the contract because he was misled by Twitter over the number of fake “bot” accounts — allegations rejected by the company.
Twitter, in turn, sought to prove Musk, the head of the Tesla electric vehicle company, was contriving excuses to walk away simply because he changed his mind.
