The Elon Musk Twitter deal is now ‘temporarily on hold,’ says the billionaire, in a tweet today. Twitter had told him that spam and fake accounts represent fewer than 5% of users, and Musk now says he wants to see the evidence for this.
While Musk followed up with ‘Still committed to acquisition,’ some are suggesting that this is not the case …
Background
The Tesla and SpaceX CEO last month offered to buy Twitter outright at a price per share which valued the company at around $44B – a significant premium over its then-current value. This followed his quiet purchase of almost 10% of the company.
