While Elon Musk has clinched a $44 billion takeover deal for Twitter , the Federal Trade Commission has opened up an inquiry into whether his initial …
While Elon Musk has clinched a $44 billion takeover deal for Twitter, the Federal Trade Commission has opened up an inquiry into whether his initial stake in the social platform violated reporting requirements, sources told The Information Thursday. Musk amassed a 9.2% stake between January and April of this year, and the investigation aims to clarify if the Tesla CEO bought the shares with the intention to influence Twitter’s management, or if he intended to remain a passive shareholder, according to The Information.
