Musk's $44 billion Twitter deal in serious trouble: Report

Musk's $44 billion Twitter deal in serious trouble: Report

Tech billionaire Elon Musk's offer to buy microblogging platform Twitter for $44 billion is in serious trouble. This information has been given in media reports.

According to The Washington Post, Musk's deal to buy the platform is 'in jeopardy' based on three unnamed sources who told the paper that the billionaire's camp 'stopped engaging in some discussions around funding' for the deal. Is.'

As The Verge reports, Musk isn't going alone in his attempt to buy Twitter, with Larry Ellison, venture capital firm Andreessen Horowitz among the few pitching in billions such as Fidelity, crypto exchange Binance and Qatar's state investment firm Huh.

The report said that the idea that a 'drastic' change of direction on the deal is nearing being held is that Twitter's data about spam and bots on the platform is not verifiable.

The platform reportedly claimed that it blocks 1 million spammers every day.

Last month, Musk said he could pull out of his $44 billion acquisition deal if Twitter fails to provide data on spam and fake accounts.

In an SEC filing, Twitter shared a letter it received from Musk's legal team that was unhappy with the information the company was offered about the level of "spam and fake accounts" on the company's service.

The letter states that more data on non-human users of Twitter, both natural and spam (and not an explanation of how the existing data was collected) is important to help close the transaction from a financial perspective.