Anonymous ID: 1be7d8 May 5, 2022, 1:48 p.m. No.16216997   🗄️.is đź”—kun   >>7101 >>7113 >>7128 >>7240 >>7318

FTC to review Musk’s $44B Twitter buy under anti-trust: report

https://www.foxbusiness.com/technology/ftc-elon-musk-twitter-anti-trust-probe

 

The Federal Trade Commission (FTC) is reviewing Tesla CEO Elon Musk’s $44 billion deal with Twitter, setting up a deadline for a possible antitrust review, according to a Thursday report.

 

A person familiar with the matter told Bloomberg the agency will decide next month whether to do an in-depth antitrust probe of the Twitter deal – a move that could delay its closing by months

The FTC is already investigating Musk’s initial 9% stake purchase in Twitter to see whether he complied with antitrust reporting requirements.

 

The Open Markets Institute has criticized the Twitter deal, warning that it represents a threat to "American democracy and free speech" and suggested the deal is illegal.