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May 13 (Reuters) - Elon Musk tweeted on Friday that his Sh5.1-trillion ($44-billion) cash deal for Twitter Inc is “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts.
Twitter shares initially fell more than 20% in premarket trading, but after Tesla CEO Musk sent a second tweet saying he remained committed to the deal they regained some ground. The stock was off 12% in heavy volume ahead of the market open as investors fretted over the takeover.
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