BusinessElon Musk announces suspension of Twitter deal

Elon Musk announces suspension of Twitter deal

Elon Musk announces suspension of Twitter deal.

According to the news agency, the founder of the American company Tesla and Space X, Elon Musk, in a statement issued on Twitter, said that the Twitter deal has been temporarily stopped.

He said the pending details support the calculation that spam / fake accounts actually represent less than 5% of users.

Elon Musk signed a 44 billion deal with Twitter.

He promised 21 billion in cash for the deal.

According to Securities, Elon Musk raised 7.1 billion from some investors to acquire his Twitter deal, including Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

Elon Musk lists 18 investors who have agreed to invest in cash.

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