Elon Musk and Twitter are reportedly close to an agreement that would end their litigation and clear the path for the billionaire’s $44 billion buyout — but the judge in the case says the trial is still on track for now.
A source familiar with the litigation said the two sides could reach a deal to halt their court battle as soon as Wednesday night, potentially sparing Musk from a deposition the following day.
Meanwhile, the New York Times reported that in recent weeks Musk privately pleaded with Twitter to reduce the deal price by as much as 30 percent, valuing the company at $31 billion.
Twitter refused the proposal, as well as another to cut the price tag by 10 percent, before Musk acquiesced and renewed his originally agreed offer, according to the report citing four people familiar with the matter.
Musk, who is also chief executive officer of electric car maker Tesla, proposed to Twitter late on Monday he would abide by his April agreement to buy the company for $54.20…
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