Elon Musk Puts Twitter Deal On Hold

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Elon Musk, who was in the process of buying Twitter, announced Friday the deal is “temporarily on hold.”

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

It wasn’t immediately clear how the metric affected Musk’s decision to buy the the company.

Musk reached a deal with Twitter’s board last month to buy the social media giant for $44 billion, after saying he had secured enough funding to do so.

The deal includes a $1 billion termination fee, which Musk would have to pay if he walked away from the sale, according to Bloomberg.

This is a developing story. Please check back for updates.



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