Elon Musk said banks are working cooperatively to finance his $US44 billion deal for Twitter Inc and he asked a judge to halt the social media company’s lawsuit against him just days before trial, according to a Thursday court filing.
“As a result there is no need for an expedited trial to order defendants to do what they are already doing and this action is now moot,” said the filing.A five-day trial is scheduled to begin on October 17 and Musk was supposed to be deposed on Thursday, although the parties mutually agreed to postpone his interview, sources told Reuters.
Musk, who is also chief executive of Tesla Inc, asked for an immediate hearing, according to a letter to Chancellor Kathaleen McCormick of Delaware’s Court of Chancery.Since Musk made his offer on Monday, talks have dragged on longer than some initially expected, according to sources close to the litigation.