WILMINGTON (AP) – Tesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must carry through with his USD44 billion agreement to acquire the social platform after attempting to back out of the deal. The deposition, planned to run possibly until tomorrow, will not be public.
As of Sunday it was not clear whether Musk will appear in person or by video. The trial is set to begin on October 17 in Delaware Chancery Court, where it’s scheduled to last just five days.
Musk agreed in April to buy Twitter and take it private, offering USD54.20 a share and vowing to loosen the company’s policing of content and to root out fake accounts.