Tag: Twitter acquisition EU rules

Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, 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 said in a tweet. Shares of the social media company fell 20% […]

Elon Musk said Twitter Inc. would comply with the European Union’s rules on content if he completes his proposed takeover, despite his plans to loosen restrictions on the network. After meeting Musk in Texas on Monday, Thierry Breton, the EU’s internal market commissioner, said that he and the Tesla Inc. chief executive officer agreed on […]