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Elon Musk's £37bn Twitter takeover 'on hold'

Sky, 14 May 2022
Billionaire Elon Musk has said that his £37bn takeover of Twitter is "temporarily on hold" over the company's spam and fake user accounts.

He later tweeted: "Still committed to acquisition."

As a result, shares of the social media company fell 20% in premarket trading.

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