Three issues need to be fixed for Twitter deal to go ahead: Musk

2 min read | June 22, 2022 03:34 AM AEST | By Mridul Gogoi

Twitter willing to comply

No official statement has come from Twitter on Tuesday after Musk’s comment. Earlier this month, the popular social media company had said about extending their full support and sharing information with Musk to see the deal through as per the agreed terms and conditions.

Meanwhile, Elon Musk was also busy working out how to get debt financing and winning shareholders' approval. These conditions were pivotal for Musk to secure the takeover of Twitter.

Besides the Twitter deal, Musk has also been in the news for commenting on slashing Tesla staff by 10%, citing inflation and recessionary economic conditions.

Bottom line:

Twitter shares surged more than 2% to US$38.70 during midday trading on Tuesday, below the US$54.20-a-share price that Musk was willing to pay for each Twitter share.

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