Elon Musk’s $ 44 billion Twitter takeover deal is on life support, reports WaPo

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It has three sources told That Washington Post to Elon Musks bid to buy Twitter is on the rocks. According to the newspaper, Musk demanded that Twitter provide data to support its claim that spam accounts make up less than five percent of users – but Musk’s team now says it cannot verify the data provided. Sources say Musk and his staff have also cooled off on certain talks in connection with the financing of the $ 44 billion deal. Should Musk try to end the landmark takeover, a legal battle is likely. Under the terms of the deal, Musk ponies will need $ 1 billion just to withdraw, but legal experts say Twitter could try to force him to follow up with a purchase if his reason for withdrawing is unrelated to , what Post calls “the company’s basic business.” On the ongoing saga of negotiations, a source said that “Twitter has not been cooperative.”

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