Thursday, Aug 11, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Tech | Elon Musks 44 Billion Twitter Deal In Serious Trouble Report

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

By IANS
Published: Published Date - 11:30 AM, Fri - 8 July 22
Elon Musk’s $44 billion Twitter deal in serious trouble: Report

San Francisco: Tech billionaire Elon Musk’s offer to buy the microblogging platform Twitter for $44 billion is in serious trouble, media reports say.

According to The Washington Post, Musk’s deal to buy the platform is “in peril” — based on three anonymous sources who told the paper that the billionaire’s camp has “stopped engaging in certain discussions around funding” for the agreement.

Musk is not going it alone in his attempt to buy Twitter, with others like Larry Ellison, the venture capital firm Andreessen Horowitz, Fidelity, the crypto exchange Binance, and the state investment firm of Qatar are among those pitching in a few billion as a part of the effort, citing the report, The Verge reported.

The idea that a “drastic” change of direction on the deal is close to happening is supposedly due to concerns that Twitter’s data regarding spam and bots on the platform is not verifiable, the report said.

The report comes just hours after Twitter had a conference call with media outlets to explain that its spam account data and technology for blocking bots are just fine, setting up a showdown between the company and its would-be new owner.

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

Last month, Musk stated that if Twitter fails to give data on spam and fake accounts, he may walk out of his $44 billion acquisition agreement.

In an SEC filing, Twitter had shared a letter it received from Musk’s legal team indicating displeasure with the company’s offered information regarding the level of “spam and fake accounts” on its service.

The letter said that more data (and not just an explanation of how the existing data was gathered) on Twitter’s non-human users, both natural and spam, is important for helping close the transaction from a financing perspective.

  • Follow Us :
  • Tags
  • 44 billion Twitter deal
  • Elon Musk
  • Twitter

Related News

  • Take that, Elon Musk: Ford CEO dares Tesla boss

    Take that, Elon Musk: Ford CEO dares Tesla boss

  • Twitter confirms partial outage, blames ‘internal systems change’

    Twitter confirms partial outage, blames ‘internal systems change’

  • Musk sells nearly $7 billion in Tesla shares: Report

    Musk sells nearly $7 billion in Tesla shares: Report

  • Twitter users have ‘spoken’ on fake accounts: Elon Musk

    Twitter users have ‘spoken’ on fake accounts: Elon Musk

  • Musk dares Twitter CEO for open debate on fake accounts

    Musk dares Twitter CEO for open debate on fake accounts

  • Twitter fixes bug that exposed at least 54 lakh accounts

    Twitter fixes bug that exposed at least 54 lakh accounts

Latest News

  • Housewife arrested in Bengal’s Howrah after killing four in family

    2 mins ago
  • Industry body questions govt’s call for 5G demand studies from enterprises

    5 mins ago
  • Congress to hold ‘Mehangai Par Halla Bol’ rally on August 28 in Delhi

    9 mins ago
  • Bengal cattle smuggling case: Anubrata Mandal arrested by CBI

    20 mins ago
  • Shilpa Shetty fractures leg during shoot

    35 mins ago
  • KJo, Arjun shocked after Sonam calls Kiara Advani ‘underrated’

    46 mins ago
  • Jagdeep Dhankhar sworn in as 14th Vice President of India

    48 mins ago
  • Skeletons peep out of Maha CM’s ‘mini-cabinet’, 75% ministers face criminal cases

    56 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam