Musk lawyers say Twitter refusing new $44bn bid for company

Traders gather around a post as Twitter shares resume trading on the floor at the New York Stock Exchange in New York, Tuesday, Oct. 4, 2022 (Seth Wenig/AP/PA)

Elon Musk’s lawyers have said Twitter is refusing to accept the Tesla billionaire’s renewed $44bn bid for the social media company and are asking a Delaware court to halt an upcoming trial.

Mr Musk made a renewed offer to take over to company earlier this week, hoping to end a protracted legal dispute that began when Musk tried to back out of the April deal and Twitter sued.