Elon Musk accused Twitter on Thursday of failing to accept his restored offer to purchase the social media platform at the original price of $54.20 per share.
The billionaire entrepreneur also asked the Delaware Chancery Court to halt a trial that's scheduled to begin later this month. Musk and Twitter have been embroiled in a legal battle since he made an offer to buy the platform and then decided to back out after the company allegedly did not provide him with the information he requested about bot accounts.
"Twitter will not take yes for an answer. Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders' interests," Musk's attorneys said in a new court filing.
SpaceX owner and Tesla CEO Elon Musk smiles at the E3 gaming convention in Los Angeles, June 13, 2019.
Mike Blake/Reuters, FILE
"Twitter offered Mr. Musk billions off the transaction price. Mr. Musk refused because Twitter attempted to put certain self-serving conditions on the deal. Any statement to the contrary is a lie," Musk's attorney, Alex Spiro of Quinn Emanuel, said in a statement.
Twitter did not immediately reply.
Musk said he expects the deal to close by Oct. 28: "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," Musk said in the filing.
This is a developing story. Please check back for updates.
