Twitter will interview Elon Musk, known for his combative testimonies

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WILMINGTON, Del. – Tesla CEO Elon Musk was pardoned from questioning by Twitter lawyers on Monday, according to multiple news reports. The billionaire was due to give a deposition in his high-stakes legal battle with Twitter over whether to follow through on its deal to buy the social platform for $44 billion.

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Instead, Musk’s questioning was postponed to a later date. Twitter CEO Parag Agrawal, who was also scheduled to face Musk’s lawyers on Monday, also postponed his deposition.

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Both reports were reported by Bloomberg, Reuters and the Wall Street Journal, all of which attributed the information to unnamed sources.

News of the postponements fueled a brief rally in Twitter shares, which jumped 5.4% to $43.03, apparently on hopes of a settlement in the case. This enthusiasm faded later in the day. Twitter shares closed Monday at $41.58, eight cents higher than they opened.

Court watchers said such postponements are not unusual before major preliminary hearings. A hearing on several important preliminary motions is scheduled for Tuesday.

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Both men were set to answer questions posed by opposition lawyers ahead of a trial in October that will determine who is responsible for the apparent collapse of Musk’s Twitter offering, not to mention who owes whom large sums of money. money accordingly. The trial is scheduled to begin Oct. 17 in Delaware Chancery Court, where it is expected to last just five days.

Musk, the world’s richest man, agreed in April to buy Twitter and take it private, offering $54.20 a share and pledging to ease the company’s control of content and weed out fakes accounts. In July, he attempted to back out of the deal, tweeting a number of accusations to justify his action.

Twitter then sued Musk to force him to complete the acquisition.