A judge in Delaware has delayed the trial in Twitter’s lawsuit against Elon Musk, giving the billionaire an October 28 deadline to close his $44 billion acquisition of the company.
In an order issued on Thursday, Judge Kathaleen McCormick said Musk has until 5pm on October 28 to complete the agreed merger, warning that otherwise the trial will be rescheduled for November.
The stay of trial, which had been scheduled to start October 17, was a small victory for Musk, who earlier in the day filed a motion asking for more time to shore up financing for the transaction.
The judge also appeased Twitter, which has been seeking a hard timeline for completing the deal.
Twitter had opposed pushing back the trial, calling it ‘an invitation to further mischief and delay.’