A report from The Information on Thursday said that the Federal Trade Commission is looking into Tesla Inc. CEO Elon Musk’s first 9 percent stake purchase in Twitter Inc. is being looked into.
According to the report, when Musk bought a stake in the social media company in early April, the FTC is looking into whether Musk met an antitrust reporting requirement. People who know about the situation said that the FTC is looking into whether Musk did what he had to do.
Twitter didn’t answer a question from Reuters right away.
On Monday, he agreed to buy Twitter for $44 billion. In a tweet, Saagar Enjeti, a podcast host, talked about Vijaya Gadde, the executive who runs Twitter’s policy and legal teams. Musk was responding to that tweet.
When the deal is still being worked out, Twitter’s merger agreement with Tesla CEO Elon Musk says that Musk can tweet about the deal as long as “such Tweets do not harm the Company or its Representatives.”
Nobody from Twitter said they would cancel the sale because of recent criticism from Musk, who had agreed to the deal after Twitter thought it was a good deal for both of them.