Elon Musk Gets Two More Weeks To Close His Twitter Deal, But Many Questions Remain

Elon Musk has been granted two more weeks to figure out just what exactly he's going to do with Twitter, as the Delaware Court of Chancery has agreed to move Musk's deadline to complete his $44 billion purchase of the app from October 17th to October 28th. Should the deal not go through, a trial pitting Twitter against Musk will begin in November.

JUST IN: Judge approves Elon Musk's request to halt trial, says deal must close with Twitter by October 28th or trial will resume.

— Watcher.Guru (@WatcherGuru) October 6, 2022

The extension comes two days after Musk offered to complete his purchase at the $44 billion he originally offered. Some speculate that seems what Twitter wanted all along, as the company has reason to suspect the renewed offer could be a ploy on Musk's part to prevent a trial that could potentially make public some damaging information on Musk. With the trial canceled, he could decide to back out of the deal anyway.

Musk has made no secret about wanting out of his strenuous and high-profile Twitter deal. He has made a massive mountain out of what he says is Twitter's dishonesty regarding its percentage of spambots, though Twitter believes the complaints amount to Musk crafting a flimsy excuse to get out of the purchase many think he vastly overvalued.

Furthermore, Twitter's lawyers contest there's reason to believe Musk's renewed offer is not in good faith, citing that one of the banks lending to Musk has testified that he has not told them he plans to close the transaction and has not given a closing date, according to a New York Times report.

Meanwhile, Musk's team has accused Twitter of refusing "to take yes for an answer." His lawyers have also stated that Twitter even would have agreed to the sale at a discount on several conditions, which Musk's team refused, calling those "self-serving."

Elon Musk is now telling the court that Twitter is refusing to accept his new buyout offer, and wants Twitter’s civil suit against him delayed. This all seems to be just an attempt by Musk at avoiding testifying. Told you the “buyout agreement” was anything but a done deal.

— Palmer Report (@PalmerReport) October 6, 2022

As of now, both sides say they want the deal done at the agreed-upon price. The only issue seems to be that neither side trusts the other.

Elon Musk and his potential Twitter purchase is all just really, really, really, really, white noise! Everyone just breathe….. pic.twitter.com/g0JeCNUO00

— Papi B Dubs🎶🃏⚖️ (@Papi_B_Dubs) October 6, 2022