Shares of the social media company surged on the news, rising more than 12.7% before being halted for volatility
Musk confidentially filed a letter seeking to proceed with the deal with Delaware Chancery Court Monday night just days before Musk was expected to be deposed as part of Twitter's lawsuit seeking to force the Tesla CEO to buy the company.
"He has no defense on trial, where his own data scientists support Twitter on the bots issues. It is time to minimize damages here." Twitter's shareholders approved the sale to Musk during a special shareholders meeting in September, meaning that as long as Twitter agrees to go ahead with Musk, he'll soon take control of the social media platform.
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