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

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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)

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