Twitter takeover temporarily on hold, says Elon Musk

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” after the social media platform claimed that fewer than 5% of its users were spam or fake accounts.

The Tesla chief tweeted on Friday morning that the deal was being frozen while he awaited details supporting Twitter’s assertion. 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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