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Business

Elon Musk’s Twitter reversal revives takeover bid for now-weaker firm




Elon Musk’s latest mention of his $44 billion buyout deal Twitter has him ready to take over a company that is weaker than it was before he tried to walk away from the deal – thanks in part to his own actions.

Broad financial concerns have intensified since July 8, when Musk announced his intention to end the deal. The Federal Reserve has raised interest rates by 0.75 percentage points for a second and third consecutive meeting, the Dow Jones Industrial Average fell last week into what investors call a bear market, and Twitter’s social media rival Snap Inc. is cutting jobs.



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