The U.S. Federal Trade Commission is reviewing Elon Musk’s $44 billion Twitter Inc. takeover, a person familiar with the deal said, setting up a deadline in the next month for the agency to decide whether to conduct an in-depth review of the transaction. (Bloomberg)
In a pitch deck, Musk claimed he would increase Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year. Under Musk, advertising would fall to 45 percent of total revenue, down from around 90 percent in 2020. In 2028, advertising would generate $12 billion in revenue and subscriptions nearly $10 billion, according to the document. (NYT)
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