Billionaire Elon Musk has said he intends to complete his purchase of Twitter by the end of the month, but the company “won’t take yes for an answer.”
In a court filing, he said the social media platform had raised concerns about the “theoretical possibility of a future failure to raise debt financing” to pay for the deal.
Twitter had sued Mr Musk to force him to take over.
Mr Musk asked the court to stay this litigation.
The move comes just days after Mr Musk sent a letter to Twitter saying he would proceed with the acquisition as originally planned pending receipt of funding and the end of the legal battle.
“There is no need for an expedited trial to order the defendants to do what they are already doing,” Mr Musk’s attorneys wrote in a filing.
“Even so, Twitter will not take a yes for an answer. Amazingly, they have insisted on proceeding with this litigation, ruthlessly jeopardizing the deal and gambling with the interests of their shareholders.”
Mr Musk announced a plan to buy Twitter for $54.20 per share in April. But just weeks later, he backed away from the deal, saying he was concerned spam accounts were higher on the platform than Twitter had claimed.
Mr Musk was due to be questioned this week as part of the preparations for the trial, which was due to start on October 17.
Shares on Twitter ended the day down more than 3% as investors doubted the deal would go through.
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