Musk expected to take “drastic action” to break Twitter deal, report says

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Elon Musk is expected to take “drastic action” to get out of his $44 billion deal to buy Twitter, The Washington Post wrote yesterday in an article citing “three people familiar with the matter.”

The anonymous sources seem to be from Musk’s camp. “Musk’s team has concluded it cannot verify Twitter’s figures on spam accounts,” and the Musk side’s “doubts about the spam figures signal they believe they do not have enough information to evaluate Twitter’s prospects as a business,” the Post wrote. Musk’s people have also reportedly “stopped engaging in certain discussions around funding for the $44 billion deal, including with a party named as a likely backer.”

According to the Post, one of its sources said Musk’s team is now “expected to take potentially drastic action. The person said it was likely a change in direction from Musk’s team would come soon, though they did not say exactly what they thought that change would be.”

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