Friday, January 27, 2023

Musk’s Twitter Buyout Reportedly Faces US Antitrust Review

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The US Federal Trade Commission (FTC) is reportedly reviewing Elon Musk’s $44 (roughly Rs. 3,37,465 crore) billion takeover of Twitter, said a person familiar with the deal. The agency is said to decide in the next month whether it will do an in-depth antitrust probe of the proposed transaction. Such a probe would delay the deal’s closing by months.
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