Elon Musk says Twitter takeover 'temporarily on hold'

Elon Musk's $44 billion deal to buy Twitter is "on hold" for the moment, the billionaire business tycoon said on Friday.

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

The price of shares in the social media company dipped double digits in premarket trading after the Tesla and SpaceX CEO's tweet.
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