Musk links deal progress on proof of spam bot share on Twitter

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Elon Musk said on Tuesday his $44bln offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users.

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Elon Musk hopes in coming weeks to get the green light to start production at the site.Elon Musk said on Tuesday his $44-bln offer would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company.

Its stock pared losses in premarket trading, but was down about 3% at $36.31, lower than its price on the day before Musk disclosed his Twitter stake, raising doubts if the billionaire entrepreneur would proceed with his offer of $54.20 per share. Asked if the deal is viable at a different price, Musk said, “I mean, it is not out of the question. The more questions I ask, the more my concerns grow.”

Twitter's estimate, which has stayed the same since 2013, could not be reproduced externally given the need to use both public and private information to determine if an account is spam, Agrawal said.

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