Will Musk walk away from his Twitter deal?
Evening Standard|May 17, 2022
ELON MUSK has stoked speculation he could walk away from his $44 billion deal to buy Twitter by saying he will not proceed until he has proof that fewer than 5% of accounts on the social media platform are fake or spam.
Simon Hunt
Will Musk walk away from his Twitter deal?

The billionaire tweeted: “My offer was based on Twitter's SEC filings being accurate. Yesterday, Twitter's CEO publicly refused to show proof of <5%. This deal cannot move forward until he does."

Musk shocked the business world last month after striking a lightning quick deal to buy Twitter for $54.20 a share.

Doubts over the deal started to emerge last Friday after Musk said his acquisition was "temporarily on hold" until he could see more detail of how Twitter arrived at its estimate for the number of fake accounts.

This story is from the May 17, 2022 edition of Evening Standard.

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This story is from the May 17, 2022 edition of Evening Standard.

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