Elon Musk says $44bn Twitter takeover deal ‘temporarily on hold’

Billionaire Elon Musk has said his Twitter deal is “temporarily on hold” over the company’s spam and fake user accounts.

Mr Musk, who last week secured $7bn from new investors for his $44bn takeover, tweeted: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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