Twitter takeover temporarily on hold, says Elon Musk
by Dan Milmo and Alex Hern in London and Dani Anguian from Technology | The Guardian on (#5Z6KJ)
Tesla owner says $44bn deal has been paused until he gets more information about fake accounts
Elon Musk has said his $44bn (36bn) takeover of Twitter is temporarily on hold" in a tweet that rocked the company's share price and cast doubt on whether the deal will happen.
The Tesla chief tweeted on Friday morning that the deal was being frozen while he awaited details supporting Twitter's assertion that fewer than 5% of its users were spam or fake accounts. In a subsequent tweet, Musk said he was still committed to acquisition", amid speculation that the world's richest man was about to walk away from the deal or seek a lower price.
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