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Musk’s $44 billion buyout of Twitter faces FTC antitrust review -report -Breaking

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© Reuters. FILE PHOTO Elon Musk’s Twitter account is shown on this photograph illustration, taken on April 28th 2022. REUTERS/Dado Ruvic/Illustration

(Reuters] – U.S. Federal Trade Commission reviews Tesla’s (44% billion) takeover by Elon Musk, Chief Executive. Twitter Inc Bloomberg News, Thursday: According to a source close to the matter, this was reported by Bloomberg News.

Musk was unable to reach Musk for comment.

Bloomberg was told by a person that the agency would decide within the month whether to conduct an antitrust investigation of the transaction. This probe could delay closing the deal by several months.

Antitrust experts believe there are very few chances that the agency will uncover evidence that Musk purchased Twitter.

Already, the FTC has begun investigating Musk’s purchase of a 9.9% share in Twitter. They are looking into whether Musk met antitrust reporting requirements when he bought these shares.

Republicans are supportive of the agreement, and hope that the site will allow conservatives to return.

Musk tweets about freedom of speech. However, when discussing plans for Twitter, he tends to focus more on increasing revenues or cutting expenses. Musk has not publicly stated that he would allow ex-banners to return.

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