Elon Musk has only four days to close his deal with Twitter — or face a trial.
Earlier this month, the judge overseeing the court case gave the Tesla CEO and Twitter until 5 p.m. ET on Friday, October 28 to agree to a new deal — or Twitter will resume efforts to force Musk to buy the company for $44 billion in a November trial.
Experts say a deal is likely to be reached beforehand. "He knows that he has no way out of it and would like to avoid public humiliation," one law professor told Insider. But even if the two parties don’t come to an agreement, they could continue to negotiate as litigation resumes and a trial date is scheduled.
And if the trial were to proceed? Musk would face a lengthy deposition — and could see even more of his private texts released to the public.
Should all this end with Musk atop the Twitter throne, insiders expect chaos to ensue at the company. Massive cuts are expected, which Twitter staffers say would be “insane.”
The clock is ticking for Elon Musk.
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