Headline RoundupMay 13th, 2022

Elon Musk Says Deal to Take Over Twitter is "Temporarily on Hold"

Summary from the AllSides News Team

In a tweet early Friday morning, billionaire business tycoon Elon Musk stated that his $44 billion deal to takeover Twitter was "temporarily on hold" as he awaits confirmation from Twitter on just what percentage of their users are real users.  Musk is questioning whether or not the number of spam or fake accounts might be higher than the 5% of users that Twitter is currently claiming. About two hours later, Musk tweeted that he was "still committed to acquisition."

News sources across the spectrum pointed out the belief that Musk may be asking for confirmation in an effort to drive down the purchase price.  It was in April that Twitter agreed to sell the company to Musk, who plans to take the company private and make the social media platform more open to free speech. Since that time, Musk has reportedly been seeking out additional investments beyond his original plan as his company Tesla's stock price has weakened.

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