Elon Musk says Twitter has to show spam accounts are less than 5% for takeover to go ahead

Elon Musk has warned his planned $44bn (£34.6bn) deal to buy Twitter will not move forward until the company’s chief executive publicly shows proof the platform has less than 5% spam accounts.

The world’s richest man, who revealed last Friday that the takeover was “on hold” over the issue, said his offer to buy the company was based on filings by Twitter to the US markets regulator SEC (Securities and Exchange Commission).

Mark Gibson

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

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