Elon Musk says Twitter deal is ‘on hold’
Musk says that he is ‘still committed’ to completing the deal, which would take Twitter private at $54.20 per share
Twitter shares plunged more than 10% during Friday’s trading session after Elon Musk said in a tweet that a deal for the company is temporarily on hold.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Later Friday morning, Musk added that he is “still committed to acquisition.”