Musk says $44 billion Twitter deal put on hold temporarily

Team Udayavani, May 13, 2022, 3:39 PM IST

Tesla CEO Elon Musk on Friday took to social media to inform that the $44 billion Twitter deal has been temporarily put on hold over pending details on spam and fake accounts.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn

— Elon Musk (@elonmusk) May 13, 2022

It’s another twist after signs of internal turmoil amid the Tesla billionaire’s planned buyout of the company, including that Twitter fired two of its top managers Thursday.

It wasn’t clear whether the fake account issue could scuttle the deal.

Meanwhile the share price of Twitter declined nearly 17% in premarket trading.