The reason why Elon Musk is Not Ready to wrap up Twitter Deal

It appears that the two sides are still in a stalemate, it's been 40 days since Elon Musk announced that his $44 billion bid to buy Twitter was “temporarily on hold,”.

During a remote Q&A at Bloomberg’s Qatar, Economic Forum Elon Musk explains why the deal is still pending.

Musk said that “there are still a few unresolved matters” in regard to the deal going through, including whether Twitter’s shareholders will approve it.

The merger agreement is advisable and the other transactions contemplated by the merger agreement are in the best interests of Twitter and its stockholders.” Tweeter said on the same day.

A recession is inevitable at some point,” Elon Musk told attendees of the Bloomberg event. 

As to whether there is a recession in the near term, I think that is more likely than not. It’s not a certainty, but it appears more likely than not,” he added

Elon also states that the car manufacturer will cut about 10% of its “salaried workforce, only a 3%, 3.5% reduction in total headcount and not super material.

And he continued to justify the Twitter deal by claiming that the board has not been forthcoming about the number of spam accounts on the platform.

A Twitter spokesperson also said that the company is cooperating with Musk’s data requests and plans to “close the transaction and enforce the merger agreement at the agreed price and terms.”