The acquisition crisis between Elon Musk and Twitter that began last month is gaining momentum as antitrust regulators step in. According to the statement from Twitter, the waiting period for the $44 billion buyout offer has ended. Alright Will Elon Musk buy Twitter?
Elon Musk’s last chance to buy Twitter
As you know, Twitter has announced that the number of spam or bot accounts is less than 5 percent of total users. However, Musk, who wants more detailed reports on this subject, will not use the platform until the relevant data is confirmed. suspends purchases explained.
Nightmare days for Tesla employees: Eyes on Elon Musk!
Elon Musk thinks that tough days are waiting for Tesla. This thought could lead to radical decisions for Tesla employees.
Tesla and SpaceX CEO have not yet made a statement after suspending the purchase due to fake and spam accounts on Twitter. But Elon Musk HSR Antitrust Act has expired to make a decision.
The Hart-Scott-Rodino (HRS) Antitrust Act warning from Twitter management shows that Elon Musk must now take action. If the Tesla CEO puts the purchase on hold for a while longer, it will exceed the 30-day waiting period and bid will be deemed cancelled..
The statement from the social media management included the following statements:
“The HSR Act, or the Hart-Scott-Rodino Antitrust Improvement Act, requires parties to report large transactions for review to both the Federal Trade Commission and the U.S. Department of Justice Antitrust Division.”
For Elon Musk’s Twitter A $44 billion offer Let’s remember what you did. The Tesla CEO will receive $33.5 billion from equity financing and $13 billion from investors who give loans for Twitter in the acquisition file he sent.
In a day Twitter shares had an increase of 2 percent. On Friday, it was reported that Twitter shares were trading at $ 40.62.
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