Musk faces deposition with Twitter ahead of October trial

Tesla CEO Elon Musk is scheduled to spend the next few days with lawyers for Twitter, answering questions ahead of an October trial that will determine whether he must carry through with his USD 44 billion agreement to acquire the social platform after attempting to back out of the deal.

The deposition, planned for this week will not be public. Accorin to reports, it was also not clear whether Musk will appear in person or by video. The trial is set to begin October 17 in Delaware Chancery Court, where it's scheduled to last just five days.

Elon Musk, the world's richest man, agreed in April to buy Twitter and take it private, offering USD 54.20 a share and vowing to loosen the company's policing of content and to root out fake accounts.

Musk indicated in July that he wanted to back away from the deal, prompting Twitter to file a lawsuit to force him to carry through with the acquisition.

Read More:- This company gives 11-day reset-and-recharge break to its employees