- Twitter ( NYSE: TWTR ) is sinking postmarket, down 5.6% , alongside a Washington Post report that billionaire Elon Musk's $44B deal to acquire the company is in "serious jeopardy."
- That's blamed on skepticism on Musk's side that Twitter's figures on the prevalence of spam accounts can be verified.
- Musk's team has stopped engaging in certain discussions around funding the deal, including with one likely backer, according to the report.
- And with Musk's side having decided that Twitter's take on spam can't be verified, it's expected to take "potentially drastic action."
- That could trigger an heated legal battle, as Musk is committed to buy the business at $54.20 per share. Twitter closed the regular session Thursday up 1.5% to $38.79.
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Twitter drops 6% on report Musk's purchase bid in jeopardy