Allianz to pause paid Twitter ads for now - spokesperson

FILE PHOTO: The logo of Allianz is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles Platiau

FRANKFURT (Reuters) - German insurer and asset manager Allianz will halt its paid advertising on Twitter for now, a spokesperson said on Monday, the latest in a wave of similar moves by companies in the wake of Elon Musk's takeover of the social media platform.

Germany's Handelsblatt first reported the development.

(Reporting by Tom Sims; Editing by Andrew Heavens)