{"id":36405,"date":"2022-06-04T13:14:34","date_gmt":"2022-06-04T13:14:34","guid":{"rendered":"https:\/\/harchi90.com\/elon-musk-closer-to-buying-twitter-after-antitrust-wait-period-expires\/"},"modified":"2022-06-04T13:14:34","modified_gmt":"2022-06-04T13:14:34","slug":"elon-musk-closer-to-buying-twitter-after-antitrust-wait-period-expires","status":"publish","type":"post","link":"https:\/\/harchi90.com\/elon-musk-closer-to-buying-twitter-after-antitrust-wait-period-expires\/","title":{"rendered":"Elon Musk closer to buying Twitter after antitrust wait period expires"},"content":{"rendered":"<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Elon Musk&#8217;s $ 44 billion acquisition of Twitter overcame another hurdle on Friday after the social media company said that a regulatory waiting period that is required for an antitrust review has expired.<\/p>\n<p>The 30-day review period during which the Federal Trade Commission and the US Department of Justice&#8217;s antitrust division were tasked with looking into the deal came and went on Friday, Twitter announced ..<\/p>\n<p>The development comes as Musk said last month that the Twitter deal was \u201ctemporarily on hold,\u201d while he sought more information about the proportion of fake accounts on the platform.<\/p>\n<p>Musk has secured funding for the deal, which includes $ 33.5 billion through equity financing and $ 13 billion through loans against Twitter.<\/p>\n<p>The Tesla CEO is also subject to a probe over the timing of his initial disclosure in April, when he announced that he bought a 9.2% stake in the social media company.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>Musk announced in April that the deal to acquire would be \u201con hold\u201d pending a review of the site&#8217;s policies as it relates to bots and spam accounts.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>Earlier on Friday, emails revealed that Musk has a \u201csuper bad feeling\u201d about the state of the US economy.  He also plans layoffs of some 10% of Tesla&#8217;s workforce, according to Reuters.<\/p>\n<p>It is unclear what impact, if any, the Tesla layoffs will have on his acquisition of Twitter.<\/p>\n<p>Shares of Twitter were up by around 0.33% as of 11 am Eastern time on Friday.<\/p>\n<p>Meanwhile, Tesla stock plummeted by more than 8.5% as of the same time on Friday.<\/p>\n<p><em>With Post wires<\/em><\/p>\n<\/p><\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8217;s $ 44 billion acquisition of Twitter overcame another hurdle on Friday after the social media company said that a regulatory waiting period that is required for an antitrust review has expired. The 30-day review period during which the Federal Trade Commission and the US Department of Justice&#8217;s antitrust division were tasked with looking &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/elon-musk-closer-to-buying-twitter-after-antitrust-wait-period-expires\/\"> <span class=\"screen-reader-text\">Elon Musk closer to buying Twitter after antitrust wait period expires<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[514,50,560,515],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/musk-twitter-antitrust-expires-comp-1.jpg?quality=75&strip=all&w=1024","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/36405"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=36405"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/36405\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=36405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=36405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=36405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}