A Delaware judge ordered a halt to Twitter’s lawsuits against Elon Musk on the eve of trial to give the billionaire time to finance his $44 billion US takeover of the social media platform, according to a Thursday court filing.
The litigation was halted until Oct. 28 at 5 p.m. ET to allow Musk, who is chief executive of electric car maker Tesla, to finance the deal.
“There’s still some uncertainty based on whether or not Elon can find the actual financing to do the deal,” said Randy Frederick, managing director of trading and derivatives for the Schwab Center.
Source
