Elon Musk’s Twitter Takeover Under Scrutiny: Report

Elon Musk Twitter Deal: Elon Musk took over Twitter in a $44 billion cash deal.

The Federal Trade Commission (FTC) is investigating Tesla Inc Chief Executive Elon Musk’s initial purchase of 9% of Twitter Inc, The Information reported on Thursday.

The FTC is investigating whether Musk complied with an antitrust reporting requirement when he bought his stake in the social media company in early April, according to the report, which cites people with knowledge of the situation.

Twitter did not immediately respond to a request for comment from Reuters.

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