The Paper reporter Sun Yan

  On June 7, local time, CNBC quoted sources as saying that Musk’s financing negotiations for the acquisition of Twitter have been temporarily shelved due to the uncertainty of the acquisition.

  Musk had previously negotiated with private equity firms led by Apollo Global Management for $2 billion to $3 billion in preferred stock financing, the sources said.

However, the talks are now on hold until the prospect of a takeover becomes clear.

  On June 6, local time, according to the "Wall Street Journal" report, Musk's attorney sent a letter to Twitter on Monday saying that if Twitter can't provide real data about spam and fake accounts, he may give up the $44 billion. The deal to buy Twitter.

  Musk’s attorney Mike Ringler said in the letter that Twitter had clearly violated the merger covenant and Musk reserved all rights to terminate the merger agreement.

"Musk retains all rights arising therefrom, including his right not to complete the transaction and to terminate the merger agreement."

  According to CNBC, the suspension of financing talks shows that Musk's threats are interfering with the normal process of the transaction.

So far, however, Twitter has insisted that Musk is fulfilling his contractual obligations, including helping to secure regulatory approvals for acquisitions.

  Uncertainty over the acquisition also affected the bank's plan to take the $13 billion in debt it committed to takeovers off its books through a syndicate.

While the joint debt is still being prepared, the bank plans to wait until the deal is clear before starting the process, according to the source.

  As long as uncertainty about the takeover persists, banks will assume credit investors will not buy debt, the sources said.

The bank also found that Musk’s public disparagement of Twitter didn’t help the acquisition, so it was hoped that he could help the joint debt run smoothly with a presentation to investors.

  So far, Musk has to pay $33.5 billion in cash to buy Twitter, in addition to bank debt financing.

CNBC noted that after Musk sold $8.5 billion worth of Tesla stock in April after signing a deal to buy Twitter, it was unclear how much cash he had left to meet his acquisition obligations.

  On April 25, Twitter announced that it had agreed to Musk’s acquisition agreement, which will buy Twitter for $54.2 per share, for a total of about $44 billion.

Shares of Twitter rose as high as $54.57 after the acquisition news.

  As of the close on June 7, local time, Twitter rose 1.47% to $40.14 per share; Tesla rose 0.25% to $716.66 per share.