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Title : Elon Musk says his takeover of Twitter is ‘on hold.’
link : Elon Musk says his takeover of Twitter is ‘on hold.’

Elon Musk says his takeover of Twitter is ‘on hold.’

Elon Musk said his $44 billion bid to purchase Twitter was “on hold” until he could get more details to confirm that spam and fake accounts represent less than 5 percent of the social network’s total users.

Mr. Musk, the chief executive of Tesla, made the announcement in a pre-dawn tweet on Friday. He linked to a Reuters article published on May 2 about a regulatory filing by Twitter that included an estimate of the number of spam and fake accounts.

Mr. Musk has said that ridding the platform of fake accounts, bots and spam is one of his top priorities after taking over.

Known for his freewheeling and sometimes impulsive business style, Mr. Musk’s comments raise questions about the future of a deal that would put one of the most influential social media platforms under the control of world’s wealthiest person.

This is a breaking news story. Check back for updates.

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