Musk’s delay in disclosing Twitter stake triggers SEC probe -WSJ -Breaking
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(Reuters] – Elon Musk delayed disclosing his substantial stake in the U.S Securities and Exchange Commission. Twitter Inc (NYSE:) Last month, Wall Street Journal reported Wednesday that the Wall Street Journal had cited people who were familiar with the subject.
Reuters did not receive a response from the SEC or Tesla Inc’s top boss.
Musk announced a 9.2% share in Twitter on April 4. This makes him the largest shareholder of microblogging site. He secured the $44 Billion deal to acquire the company one week later.
Separately, the Information earlier reported that the Federal Trade Commission is investigating whether Musk violated a law that requires companies and people to report certain large transactions to antitrust-enforcement agencies.
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