Elon Musk requests postponement of lawsuit over Twitter takeover

Elon Musk wants the lawsuit over the waiver of the Twitter acquisition to take place next year. The social medium wants to go to court in September of this year. Musk’s lawyers say they need more time because of the complex burden of proof.

Elon Musk’s lawyers believe that Twitter is unfairly pushing for the lawsuit to be brought to court within two months. That reports Bloomberg. Musk’s legal team asks for a delay so that it has more time for the ‘forensic review and analysis of large amounts of data’.

Musk claims that Twitter is overloaded with spam and bot accounts, and therefore wants to cancel the acquisition deal. According to Musk, Twitter’s request for the lawsuit to start in September is a tactical move “to cover up the truth about spam accounts long enough.”

Musk’s team would like the lawsuit to begin on or after February 13 next year. As the debt financing pledged by banks for the acquisition expires in April of 2023, it is possible that the takeover deal may fail if the lawsuit is not finalized by then.

A week ago it became clear that Musk no longer wants to take over the social media platform. Twitter is therefore suing the Tesla CEO to enforce the acquisition for the $ 44 billion that has been agreed. The Twitter deal also states that Musk owes $1 billion if he backs out of the acquisition.