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Elon Musk’s Twitter Reversal Revives Takeover Bid for a Now-Weaker Firm


Elon Musk’s newest about-face over his $44 billion deal to purchase Twitter has him poised to take over a firm that’s weaker than it was earlier than he tried to desert the agreement—thanks partially to his personal actions.

Broad financial considerations have intensified since July 8, when Mr. Musk made public his intention to terminate the deal. The Federal Reserve has raised interest rates by 0.75 share level at a second and third straight assembly, the Dow Jones Industrial Average final week fell into what traders name a bear market, and Twitter’s social-media rival Snap Inc. is slashing jobs.

Source: www.wsj.com


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