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May 13, 2022 12:23 pm GMT

Musk puts Twitter purchase on hold

Citing the unknown number of fake accounts on Twitter, billionaire Elon Musk says he's put his high-profile purchase of the site on hold, later adding that he is "still committed to acquisition".

Under the terms of the deal, if either Twitter or Mr Musk walk away they must pay the other side a termination fee of $1bn.

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Original Link: https://boingboing.net/2022/05/13/musk-puts-twitter-purchase-on-hold.html

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