Elon Musk freezes acquisition of Twitter

Elon Musk announced that the deal for acquisition Twitter temporarily “frozen“. It looks like this decision was made because of fake accounts.

The news was confirmed ahead of its official announcement by another Twitter board member, who announced he was agreeing to Elon Musk’s $44 billion acquisition of the platform. The businessman agreed to pay shareholders $54.20 per share.

He made the corresponding statement by writing in his tweet that the agreement to acquire Twitter was “frozen”, at least temporarily. As he explains, this happens until it is found out whether the fake accounts really represent less than 5% of social media users.

“The Twitter deal has been temporarily put on hold, pending settlement details that claim that spam/fake accounts actually represent less than 5% of users,” he wrote.

Like Athens News previously reportedElon Musk acquired Twitter Inc. (TWTR.N) for $44 billion on Monday, in a deal that will transfer control of the most popular social media platform used by millions of users and celebrities around the world to the world’s richest man.

The news was confirmed ahead of its official announcement by another Twitter board member, who announced he was agreeing to Elon Musk’s $44 billion acquisition of the platform. The businessman agreed to pay shareholders $54.20 per share.

How the deal will end is still unknown …

How the deal will end is still unknown …





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