The Delaware court has suspended the pending lawsuit between Elon Musk and Twitter and gives the parties until October 28 to reach an agreement.
Elon Musk had asked the Delaware court to suspend the lawsuit filed by social media over the sale negotiations, after the company rejected the Tesla founder's request to freeze the litigation.
The Tesla founder 's withdrawal in July of the $ 44 billion bid to take over Twitter led the latter to sue the tycoon for breach of contract.
The trial was scheduled to begin on October 17.
"There is no need for an expedited trial to order the defendants to do what they are already doing and this action is now superfluous," reads a document prepared by Musk's lawyers that alludes to his latest offer.
"However, Twitter does not take yes for an answer. Surprisingly, they persisted in moving forward with this lawsuit, recklessly jeopardizing the deal and playing with the interests of their shareholders."
On Tuesday Musk sent a letter to Twitter to re-launch the offer at $ 54.20 per
action on condition that the Delaware court terminates the pending lawsuit against him.
Twitter said it plans to close the buyout at a price of $ 54.20 in a statement that did not address Musk's demands on the litigation freeze.
Delaware judge Kathaleen McCormick said she wanted to proceed with the trial, arguing that neither party had asked for a stay.
Her request which was later advanced by Musk's lawyers.