Elon Musk says Twitter deal temporarily on hold

Elon Musk, a billionaire, announced on Friday that his $44 billion deal for Twitter, the microblogging and social media site, is temporarily on hold.

Musk disclosed this in a tweet via his Twitter handle, citing pending details on spam and fake accounts.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.

Musk, the world’s richest man, had said that one of his priorities would be to remove “spambots” from Twitter.

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He recently bought Twitter for $44 billion and is expected to serve as a temporary CEO for a few months.

The 50-year-old has been giving insight into what the social media platform under him will be like.