Shares of Twitter were suspended on the New York Stock Exchange on Tuesday “pending further information” after Bloomberg reported a possible new offer to buy Elon Musk’s social network at a price initially agreed in April, writes AFP.
The stock was initially suspended for five minutes and the stock price rose 18% before being halted again.
Briefly about the scandal of Elon Musk and Twitter
Elon Musk announced his intention to buy the social network in April, but ultimately said in early July that he was pulling out of the deal on the grounds that he said the San Francisco company lied about the proportion of automated accounts and spam on its platform. .
On July 12, Twitter filed a lawsuit in a Delaware state court to force the world’s richest man to fulfill his commitment to buy him for $44 billion at the end of April.
The judge overseeing the lawsuit between Twitter and Elon Musk has set October 17 as the start date for the trial that will force the entrepreneur to buy the social network or not, AFP reports.
The platform asked for the accelerated procedure to start from September, so as not to prolong the period of uncertainty that is partially paralyzing the company, while Musk’s lawyers wanted the court battles to start only next year. (photo: Dreamstime)
- the news is updated
Source: Hot News RO
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