Original version

BBC World Service Online

Business Matters

Discussion & Talk

Factual: Money

Global business and finance news and discussion from the BBC

Global business and finance news and discussion from the BBC.

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service South Asia

BBC World Service News Internet

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

Business Matters: Twitter takeover: Musk $44bn bid is off the table

GettyImages-1240635140.jpg

09/07/2022 GMT

Twitter takeover: Musk $44bn bid is off the table

BBC World Service - Business Matters, Twitter takeover: Musk $44bn bid is off the table

Elon Musk ends his $44bn bid to buy Twitter, could face opt-out lawsuit

Elon Musk has pulled out of his $44bn bid to buy Twitter, alleging multiple breaches of the merger agreement.

The billionaire businessman Elon Musk has backed out of a $44bn deal to buy social media site Twitter. Mr Musk said he'd pulled out because Twitter failed to provide sufficient information on the number of spam and fake accounts. But the world's richest man faces a $1bn break-up fee and possible lawsuit by opting out. Shares in Twitter fell by 7% in extended trading after Mr Musk's announcement.

Elsewhere, we get more reaction to the shock news of Shinzo Abe's assassination in Japan and look at his policy of 'Abenomics'.

Rahul Tandon is joined by Yoko Ishikura, Professor Emeritus of Hitotsubashi University in Japan and Paddy Hirsch, contributing editor at NPR based in Los Angeles.

(Image: Elon Musk Official Twitter account seen displayed on a smartphone with a Twitter logo in the background.  Credit: Getty Images)

Accessibility links

Programme Index

Business Matters

Twitter takeover: Musk $44bn bid is off the table

Genres

Formats

Brand

BBC World Service Online

About BBC World Service