Elon Musk says 3 issues need to be resolved before his Twitter buyout can go ahead

Musk is seeking to buy Twitter for $44 billion, a mega acquisition with huge implications for the social media world.

The fate of the deal has become more uncertain in recent weeks after Musk threatened to walk away, citing concerns over fake accounts.

On Tuesday, Musk said there were three “unresolved matters” that will need solving before he can move forward with the takeover.

Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter.

1. Fake accounts

Musk has made no secret of his concerns about the number of fake accounts on Twitter. Attempts to manipulate social media platforms with fake accounts and bots aren’t exactly new, but Musk says he wants more clarity from Twitter on how many of its users are genuine.

2. Debt financing

Musk in May committed to paying $33.5 billion in cash for the company. He has also received $7.1 billion in equity financing commitments from investors including Oracle co-founder Larry Ellison and the crypto exchange Binance.

3. Shareholder approval