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Twitter-musk Trial Delayed As Sides Argue Over Money And Trust

Delaware Chancery Court judge decided to delay Elon Musk and Twitter's trial so they can work out a deal for Musk to buy the company.

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The filing concluded a week of court drama in which Twitter demanded a trial and Musk announced he had $44 billion to close the deal within days.

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Judge Kathaleen McCormick moved the trial from October to November so the parties might reach a settlement.

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This is the latest twist in a roller-coaster saga. Musk and Twitter exchanged letters Thursday on whether Musk can buy Twitter.

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Musk's lawyers stated in Thursday documents that he can afford the deal. Twitter said Musk was bluffing and the issue should go to court.

Twitter claimed Oct. 28 was fine after the judge's decision. "We hope to close at $54.20 by Oct. 28," stated spokesman Scott Bisang.

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Musk's team asked Twitter to drop its lawsuit and let Musk buy the company at the original $44 billion price in a two-sentence letter sent on Monday.

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Twitter's lawyers responded fast. Musk's desire to dismiss the case was interpreted as stating, "Trust us, we mean it this time,"

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"Defendants can close next week, and they should. "Until they do, this case is still relevant and should go to court," Twitter wrote, referring to Musk.

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Musk split $44 billion into two halves. He has $10 billion from Tesla and $23 billion from 18 partners. 

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Larry Ellison, Oracle's CEO, Saudi Prince Alwaleed bin Talal Al Saud, Qatar's sovereign wealth fund, and Andreessen Horowitz and Sequoia Capital are among his partners.

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