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Elon Musk's acquisition of Twitter clears the federal government's antitrust review

Elon Musk’s Acquisition of Twitter Clears the Federal Government’s Antitrust Review

by The Blaze
June 6, 2022
in Censorship

Elon Musk — the eccentric billionaire and CEO of Tesla — is inching closer and closer to purchasing Twitter as the regulatory waiting period for completing the purchase under the Hart-Scott-Rodino Antitrust Improvements (HSR) Act of 1976 officially expired on Friday.

The HSR Act requires companies to give advance notice of transactions above a certain threshold to the Federal Trade Commission (FTC) and the Department of Justice (DOJ). The FTC and DOJ subsequently have 30 days from the initial notification of the intended purchase to pursue an investigation of the transaction to determine whether any additional information is needed to […]

Read this story at: www.theblaze.com



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