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Bloomberg Tech

Musk Cancels Twitter Deal

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.469 Ratings

🗓️ 8 July 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down how Elon Musk terminates the Twitter deal after months of speculation. Plus, a look at the US jobs report. 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.6

We start with a disclaimer.

0:31.2

This episode of Bloomberg Technology was taped just as the news broke

0:35.0

that Elon Musk is terminating his deal to buy Twitter.

0:38.0

From the heart of where innovation, money, and power collide.

0:44.0

In Silicon Valley and beyond, this is Bloomberg Technology with Emily Chang. I'm Caroline Hyde in New York. I'm in for Emily Chang and this is Bloenburg

1:06.9

Technology. Coming up over the next hour Elon Musk's escalating battle with

1:10.4

Twitter, the 44 billion dollar takeover offer possibly in Japanese.

1:14.0

Plus T.S. M.C. the world's largest contract chipmaker will report a better than

1:18.3

expected quarterly revenue signaling that electronics demand is holding up better

1:22.4

than investors feared.

1:24.0

And we look at today's jobs report, the US number,

1:26.7

and how the tech sector is fairing out in the numbers,

1:29.6

especially with many companies laying off employees.

1:33.0

We'll get to that in but a moment.

1:35.0

But first, let's get to check on these markets.

1:36.0

Blue guys Katie Greifel with quite a run for the Nasdak.

1:39.0

Quite a run, kind of a muted end to what had been you know a week of gains you look at the

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