Elon Musk will need to complete the acquisition of Twitter on Friday, EST, or the lawsuit will continue, according to Kathaleen McCormick, the judge in charge of the litigation. If the acquisition doesn’t go through, or Musk needs more time, he will need to get the judge’s permission again. The judge said she would schedule the case to be heard sometime in November if the deal was not completed. And once the acquisition is complete, Twitter will become a private company and its shares will cease trading immediately. Earlier, Musk revealed that if the deal is completed, he will make large-scale layoffs at Twitter.
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