• Latest

Elon Musk, Twitter given until October 28 to close deal

October 7, 2022
Defections “Normal”, says Centenary

Defections “Normal”, says Centenary

September 15, 2025
FDC Condemns Military Arrests of Civilians, Demands Respect for Rights

FDC Condemns Military Arrests of Civilians, Demands Respect for Rights

September 15, 2025
VINAStech Advert
SATIRE: In Kampala the only traffic jam left is between sermons, not vehicles

SATIRE: In Kampala the only traffic jam left is between sermons, not vehicles

September 15, 2025

Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

September 14, 2025

Aloyo Uses Art to Support Mental Health

September 14, 2025
Toxic Work Environments Driving Stress and Resignations, Bakundana Warns

Toxic Work Environments Driving Stress and Resignations, Bakundana Warns

September 14, 2025
UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

September 13, 2025
FDC presents over 2 million Signatures to back Nandala for Presidency

FDC presents over 2 million Signatures to back Nandala for Presidency

September 13, 2025
Why We Need a Platform like SheVoice

Why We Need a Platform like SheVoice

September 13, 2025
Balaam Warns Youth Against Violence and Abusive Language in Politics

Balaam Warns Youth Against Violence and Abusive Language in Politics

September 12, 2025

Kasese Police Conclude Operation Malumu Salama Training Ahead of 2026 Elections

September 12, 2025

Play Clean Politics, Balaam Tells Youth

September 12, 2025
  • About Us
  • Internship
  • Contact Us
Tuesday, September 16, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Defections “Normal”, says Centenary

    Defections “Normal”, says Centenary

    Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    FDC presents over 2 million Signatures to back Nandala for Presidency

    FDC presents over 2 million Signatures to back Nandala for Presidency

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Kasese Police Conclude Operation Malumu Salama Training Ahead of 2026 Elections

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Defections “Normal”, says Centenary

    Defections “Normal”, says Centenary

    Fake News Boot Camp Empowers Youth to Fight Climate Misinformation

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    UCC Suspends Salt TV’s “Omusunsuzi” Programme Over Breach of Broadcasting Standards

    FDC presents over 2 million Signatures to back Nandala for Presidency

    FDC presents over 2 million Signatures to back Nandala for Presidency

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Balaam Warns Youth Against Violence and Abusive Language in Politics

    Kasese Police Conclude Operation Malumu Salama Training Ahead of 2026 Elections

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home RELIGION

Elon Musk, Twitter given until October 28 to close deal

Watera by Watera
October 7, 2022
in RELIGION
0

Elon Musk , Chief Engineer Space X and CEO The Boring Company

0
SHARES
1
VIEWS
Share on FacebookShare on X

A Delaware judge has set a deadline of October 28 for Tesla CEO Elon Musk to make good on his promise to buy Twitter.

 

Chancellor Kathaleen McCormick postponed a high-stakes trial that was to start in a little more than a week.

READ ALSO

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

 

The billionaire and the social media company agree on the price tag of $54.20 a share, or about $44 billion, but are bickering over the terms of a merger that’s been on the rocks almost since it was signed six months ago.

 

Musk had asked the court to call off the trial because he was willing to buy the company after all. Twitter had resisted, saying that, without a court trial looming, Musk might back out of the agreement still. McCormick left the door open to reschedule the trial in November if the parties can’t close the deal by her deadline.

 

After months of arguing in court to get out of a binding contract that he signed, Musk had a change of heart earlier this week. He told Twitter he was willing to proceed with the deal under the original terms.

 

“Twitter will not take yes for an answer,” his lawyers wrote in a filing Thursday.

 

Twitter is wary because Musk tried to walk away from the binding contract before, in July, after publicly questioning the amount of fake accounts on the social network.

 

In a filing Thursday, Twitter said it was unwilling to trust Musk, calling his renewed proposal “an invitation to further mischief and delay.”

 

Twitter’s lawsuit against Musk was wrapping up its discovery phase and moving full steam ahead toward trial, with Musk scheduled for a deposition on Thursday.

 

His legal team wrote that the financing for the deal is all lined up and ready to go. But Twitter told the court that a bank representative said one of Musk’s lenders hasn’t yet received what they need from Musk to close the transaction.

 

Musk first agreed to buy Twitter in April, then publicly expressed his misgivings about the deal as tech stocks slumped.

 

Now, six months later, Twitter’s lawyers contend Musk owes its stockholders the original amount of $44 billion, plus interest

Related Posts

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage
RELIGION

5,430 Recive Medical Services at AMDA Camp Rekindling Hope and Healing in Historic Pilgrimage

August 31, 2025
Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy
RELIGION

Hoima Diocese Bishop Mourns Victims of Kigorobya Road Tragedy

August 6, 2025
Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone
News

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

July 16, 2025
Police Urge Vigilance Amid Ongoing Terror Threats
Religion

Police Urge Vigilance Amid Ongoing Terror Threats

June 6, 2025
Journalists blocked from Martyrs Day Venue
RELIGION

Journalists blocked from Martyrs Day Venue

June 3, 2025
News

Malawian, Tanzanian Students Jet In for Uganda Martyrs Essay Awards

June 2, 2025
Next Post

MOHAMMED KAKIIKA: stop peer comparisons and succumbing to society expectations

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

Former MP, Arinda Gordon CowBoy passes on

Former MP, Arinda Gordon CowBoy passes on

January 9, 2022

Driver feared dead as fuel truck catches fire in Mbale

January 21, 2022

VP Alupo urges medical professionals to uphold integrity and ethics

August 17, 2024

Erias Lukwago would make a good president, says Dr Kizza Besigye.

August 6, 2020
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Defections “Normal”, says Centenary
  • FDC Condemns Military Arrests of Civilians, Demands Respect for Rights
  • SATIRE: In Kampala the only traffic jam left is between sermons, not vehicles
  • Fake News Boot Camp Empowers Youth to Fight Climate Misinformation
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page