Earlier Tuesday at the Qatar Economic Forum, Musk said the deal is being held up by “very significant questions” about the number of fake and spam users on Twitter. While the social media company claims the number of fake accounts on the app is less than five percent, Musk said that statistic “is probably not most people’s experience when using Twitter.”
“We’re still awaiting resolution on that matter, and that is a very significant matter,” Musk told Bloomberg in an interview at the forum.
Twitter’s board previously recommended in May that shareholders vote to approve the acquisition. A shareholder vote had been expected at a May 25 meeting. But amid the ongoing drama over Musk’s attempts to pause the deal, Twitter executives instead dodged questions about the agreement.
Musk on Tuesday added that his debt financing still needs to come together and shareholders also need to vote to approve the deal for his bid to go through.