Tesla owner, Elon Musk, has suggested that the value of his Twitter deal would cost less than previously agreed, IgbereTV reports
IgbereTV had previously reported that Musk and Twitter board had agreed to a deal worth $44 billion for the platform which currently has a market capitalization of $29.26 billion.
However, since both parties had announced that Musk would take 100 percent ownership of the microblogging site, the deal has been stalled by the uncertainty of the actual active number of Twitter’s user base.
The platform has 229 million monetized daily active users (mDAUs), with less than 5 percent of the number previously reported as bot or spam accounts.
But the percentage of the fake accounts are now reportedly more than Twitter management reported and estimated to be as high as 25 percent.
Musk had previously said he agreed to the deal based on the documents Twitter submitted to the United States Securities and Exchange Commission (SEC), which claimed that the spam accounts were about 5 percent
