• Latest

Elon Musk, Twitter given until October 28 to close deal

October 7, 2022
UPC Extends Deadline for Parliamentary and Local Government Nominations to July 18

UPC Extends Deadline for Parliamentary and Local Government Nominations to July 18

July 15, 2025
Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

Museveni Warns Against Misuse of PDM Funds

July 15, 2025
VINAStech Advert

Over 102 Cleared to Contest for Parliamentary and LCV Seats on UPC Card

July 15, 2025

Salaama Road Construction Project to Be Completed by December, Contractor

July 15, 2025

CIU Granted Charter, Attains Full University Status

July 15, 2025
Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

July 15, 2025

Why Amb. Michael Katungi’s Ascension Into Elective Politics Embodies a Glimmer Of Hope for Uganda’s Future Governance

July 14, 2025

DP Youth Issue 7-Day Ultimatum to Electoral Commission Over Disputed Polls

July 14, 2025
Who Was Prof George Kanyeihamba?

Who Was Prof George Kanyeihamba?

July 14, 2025
Uganda Mourns Legal Icon: Justice George W. Kanyeihamba Dies at 85

Uganda Mourns Legal Icon: Justice George W. Kanyeihamba Dies at 85

July 14, 2025
Former Nigerian President Muhammadu Buhari Dies at 82

Former Nigerian President Muhammadu Buhari Dies at 82

July 13, 2025
Traffic Penalty System Over Public Concerns

Traffic Penalty System Over Public Concerns

July 13, 2025
  • About Us
  • Internship
  • Contact Us
Tuesday, July 15, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Museveni Warns Against Misuse of PDM Funds

    Over 102 Cleared to Contest for Parliamentary and LCV Seats on UPC Card

    Salaama Road Construction Project to Be Completed by December, Contractor

    CIU Granted Charter, Attains Full University Status

    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Why Amb. Michael Katungi’s Ascension Into Elective Politics Embodies a Glimmer Of Hope for Uganda’s Future Governance

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Museveni Warns Against Misuse of PDM Funds

    Over 102 Cleared to Contest for Parliamentary and LCV Seats on UPC Card

    Salaama Road Construction Project to Be Completed by December, Contractor

    CIU Granted Charter, Attains Full University Status

    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Museveni Urges Kampala Residents to Vote NRM for Effective Service Delivery

    Why Amb. Michael Katungi’s Ascension Into Elective Politics Embodies a Glimmer Of Hope for Uganda’s Future Governance

    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

Police Urge Vigilance Amid Ongoing Terror Threats

Journalists blocked from Martyrs Day Venue

 

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.

ADVERTISEMENT

 

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

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
Religion

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025
News

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

May 26, 2025
Uganda Martyrs Essay Competition Expands Across East Africa
RELIGION

Uganda Martyrs Essay Competition Expands Across East Africa

May 23, 2025
Next Post

MOHAMMED KAKIIKA: stop peer comparisons and succumbing to society expectations

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025
Brutality at KIU: Students Assaulted by Officials at Examination Hall

KIU Loses Bid to Block Payment of Shillings 46.8 Billion to Housing Finance Bank

March 12, 2025

EDITOR'S PICK

Over 50 arrested at Sex Party

November 29, 2021
COVIDEX case set for hearing

COVIDEX case set for hearing

November 17, 2021

Pastor Robert Kayanja not a gay, says Pr Ssenyonga

November 24, 2023

3 arrested over illegal possession of ivory.

June 5, 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

  • UPC Extends Deadline for Parliamentary and Local Government Nominations to July 18
  • Museveni Warns Against Misuse of PDM Funds
  • Over 102 Cleared to Contest for Parliamentary and LCV Seats on UPC Card
  • Salaama Road Construction Project to Be Completed by December, Contractor
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
  • 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