The new date is Oct 4, 2022.
Multiple news outlets reported Tuesday that Musk offered to buy the company at the originally agreed-upon price, potentially ending a seven-month legal saga two weeks before the world's richest man and the social media company were set to meet in court.
Musk seems to be going through with his purchase of the social media site.
According to the Wall Street Journal, Musk offered to buy the company for $54.20 per share, or $44 billion, matching the terms he agreed to in April.
As the company looks to push through the purchase, Musk and his team are going to face off in a five-day trial in Delaware.
The trading of the stock was halted due to pending news.
Alex Spiro, Musk's attorney, didn't reply to Forbes' request for comment.
Three weeks after Musk disclosed he bought a 9.2% stake in the company, it accepted his takeover bid. Musk, a vocal opponent of the platform's content moderation policy, began to express cold feet and said he had concerns about the number of fake andspam accounts on the site. He requested out of the deal on July 8 because he felt that the number of bot accounts was low. The reason for backing out of the deal was the subject of a lawsuit. Setting the stage for a high-stakes trial later this month, the company pushed a state court in Delaware to force Musk to buy the social networking site. The trial date drew closer and there were more revelations about both. Lawyers for Musk suggested last month that his case was strengthened by a complaint from a former employee of the company. Last week, hundreds of Musk's texts with celebrities were revealed as part of the lawsuit.
We think Musk is worth $236 billion, which is the largest fortune in the world by more than $80 billion.
After the report, shares of the electric car maker fell about 5%. The electric vehicle maker's shares fell in April.
According to a note to clients, this is a sign that Musk knew that the chances of winning the case were not good.
Musk wants to buy the company for an original offer price of $54.20 a share.
Musk is trying to get out of the deal.
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