Twitter says waiting period for Musk deal has expired
SUBSCRIBE
JOBS
Custom Image
Go Back
2 years ago 06:00:45am Television

Twitter says waiting period for Musk deal has expired

New Delhi, 01-August-2022, By IBW Team

Twitter takedown requests by various govts. spiking

Twitter Inc. said on Friday the waiting period under the HSR Act for Elon Musk’s $44-billion acquisition of the social media firm has expired.

Completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and the receipt of applicable regulatory approvals, Twitter said, according to a Reuters report.

The HSR Act, or the Hart-Scott-Rodino Antitrust Improvements Act, requires parties to report large transactions to both the Federal Trade Commission of the US and the U.S. Department of Justice Antitrust Division for review.

The development comes as Musk said last month that the Twitter deal was “temporarily on hold”, while he sought more information about the proportion of fake accounts on the platform.

Musk has secured funding for the deal, which includes $33.5 billion through equity financing and $13 billion through loans against Twitter.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos