Elon Musk efforts for new Twitter financing said to be on hold
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Elon Musk's efforts to arrange some new financing for his planned $44 billion purchase of Twitter (NYSE:TWTR) are said to be on hold.
The talks are on hold until there is more clarity on the future of the deal, according to a Reuters report. Tesla (TSLA) CEO Musk had been intalks to arrange $2 billion to $3 billion in preferred equity financing from a group of investors led by Apollo Global (APO). 
The news comes after Musk on Monday said that the social media company has "materially breached" Twitter's obligations under the merger agreement due to Musk's requests for more information about spam accounts. Musk believes that Twitter's (TWTR) refusal to provide more details on the spam information is a breach of the merger pact. Musk asserted that Twitter is actively "thwarting" his information rights on the deal.
Twitter responded on Monday that it plans to enforce the merger pact on the agreed upon terms. The social media company plans to cooperatively share info with Musk to consummate the deal on the agreed upon terms.
Musk originally agreed to purchase TWTR for $54.20 per share, though he has been complaining for weeks, often through tweets, that the social media company may be be misstating the number of spam accounts that it has. Musk has implied that he would like to renegotiate the buyout deal at a lower price.
The latest Twitter deal financing news comes after Musk last month raised the deal equity commitment to $33.5 billion. Bloomberg first reported last month that Apollo (APO) was in talks to lead a $1 billion preferred financing for the Twitter takeover.
Earlier Reuters reported that Twitter (TWTR) is targeting daily active user growth of 13 million this quarter, based on an internal meeting at the social media company. 
Also see from earlier Tuesday, Here's why Elon Musk cannot just walk away from the Twitter deal.