Illustration by Kristen Radtke / The Verge; Getty Images
The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side’s request for a stay, pending the closing of their deal for Musk to buy Twitter at $54.20 per share, just like the two sides agreed to on April 25th.
The two sides have been engaged in negotiations to complete the acquisition, and earlier this week, Musk filed a letter insisting that he would go through with the purchase after all. As my colleague Liz Lopatto wrote in today’s This Week in Elon email, Musk’s change of heart and request for a stay is happening just in time to put off his deposition in the case, which had already been rescheduled to take place today.
