(Bloomberg) — Elon Musk’s $44 billion proposed takeover of Twitter Inc. is in “serious jeopardy,” the Washington Post reported, citing three people familiar with the matter.
Musk’s team has concluded that Twitter can’t verify its figures on spam accounts, a major issue that the Tesla Inc.
chief executive officer has complained about. The billionaire’s camp has “stopped engaging” in discussions around funding the deal, the newspaper said, citing one of the people.
Earlier Thursday, Twitter executives maintained that spam bot accounts make up less than 5% of the social media service’s total user base.
Musk has complained that the number of bots is much higher and has threatened to walk away from the deal over the issue.
A Twitter spokesperson didn’t immediately respond to requests for comment.
Twitter has said it is willing to go to court to hold Musk to the purchase.
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