Musk Deposition Delayed in Twitter Suit as Buyout Advances (2)

Elon Musk and Twitter Inc. agreed to postpone the billionaire’s long-awaited deposition in the company’s lawsuit aimed at forcing him to go through with a $44 billion buyout, according to people familiar with the matter.

Musk reversed course earlier this week and committed himself to consummating the $54.20-per-share offer for the social-media platform on its original terms. Even though the deal still may take months to close, a trial set for Oct. 17 is almost certain to be put on hold.

Both sides agreed Wednesday to delay the deposition that was set for Thursday morning in Austin, Texas, while lawyers ...