Elon Musk says he's placed the blockbuster Twitter deal on hold over fake records.
Elon Musk said he's putting his $44 billion takeovers of Twitter deal "temporarily on hold."
He said that he needs more insights regarding the number of the social platform's records that are fake or spam.
The Tesla and SpaceX magnate said he really wants to ensure the fake accounts "do without a doubt address under 5%" of Twitter's clients.
Musk tweeted about requiring the enormous arrangement to be postponed early Friday, sharing a new Reuters report about the takeover.
The article refered to a government documenting Twitter made soon after the organization arrived at a deals manage Musk.
Twitter reported the arrangement to offer to Musk on April 25, saying he would take the organization private by paying $54.20 per share in real money.
Musk said that once he finishes the arrangement, he would invert Twitter's long-lasting restriction on previous President Donald Trump.
Whenever Twitter reported in its buy, it didn't give an exact cutoff time for finalizing the negotiation.
Musk gave no different insights concerning requiring the arrangement to be postponed.