Musk’s $44 Billion Twitter Buyout Under Antitrust Review, per Report

The future of advertisements on Twitter seems uncertain, and reviews can cause a closing delay

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The U.S Federal Trade Commission (FTC) is reviewing Tesla chief executive Elon Musk’s $44 billion takeover of Twitter Inc., per Bloomberg, citing a person familiar with the deal, following concerns it could threaten free speech.

The agency is to decide by next month whether it will conduct an in-depth antitrust probe of the transaction which would further delay its closing.

According to the U.S. merger law, Musk is required to notify the FTC and the Justice Department of the transaction and wait at least 30 days before closing.



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