Already one of the most unusual corporate takeover attempts in modern business, Elon Musk’s $44 billion deal to buy Twitter got a little weirder on Friday.
First, in a pre-dawn tweet, Mr. Musk said the deal was on hold. He said he wanted more details about the volume of spam and fake accounts on the platform.
Then, about two hours later, Mr. Musk tweeted again. He was “still committed” to the acquisition, he said, without providing any more details.
The seemingly contradictory messages left many wondering whether Mr. Musk was getting cold feet, trying to drive down the acquisition price or looking for a bit of attention. Perhaps it was some combination of the three. Twitter’s stock yo-yoed in response to his posts.