Twitter deal temporarily on hold, says Elon Musk

Elon Musk has announced that he will suspend the deal to buy popular social networking site Twitter.

Elon Musk

Elon Musk of the United States runs SpaceX, a space exploration company, and Tesla, a leading electric vehicle manufacturer. He has been active on social networking sites, including Twitter, and initially bought a 9.2 percent stake in Twitter. He later declined to attend a meeting of Twitter executives, which he was expected to attend.

Following this, Musk said that he was willing to pay $ 54.20 a share if Twitter sold 100 percent of the shares and would pay the total sale price in cash. Musk offered to buy Twitter for $ 44 billion.

Temporary decision

Elon Musk has announced that he is currently suspending his acquisition of Twitter amid reports of a transfer.

Elon Musk wrote on his official Twitter page that "the deal to buy Twitter has been put on hold." He also points out that the number of spam and fake accounts on Twitter is less than 5 percent.

It has also been reported that he is trying to gather details of fake accounts on the Twitter site. Elon Musk, the world's richest man, has caused a stir around the world by announcing that he has suspended the deal to buy Twitter.

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