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Elon Musk announces his Twitter deal is ‘temporarily on hold’ 

Elon Musk announces his Twitter deal is ‘temporarily on hold’

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Elon Musk’s $44billion acquisition of Twitter is temporarily on hold pending details about spam and fake accounts on the social media platform. 

The world’s richest man said on Twitter: ‘Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.’

Shares of the social media company fell 17 per cent in premarket trading. 

More to follow 

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