Musk deal for Twitter dodges lengthy U.S. antitrust review

[TheProle]

Source: Reuters

(Reuters) -Twitter Inc said on Friday that the U.S. antitrust waiting period for Elon Musk's $44 billion acquisition of the social media giant had expired, indicating it had dodged a lengthy review of the proposed deal.

With the expiration, completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and any other regulatory approvals, Twitter said.

Under antitrust law, deals are reported to the U.S. government for review by either the Justice Department or the Federal Trade Commission. If either agency had filed a "second request" for documents, the deal would have faced an investigation that could have lasted months.

However, last month Tesla Inc Chief Executive Musk said the Twitter deal was "temporarily on hold", while he sought more information about the proportion of fake accounts on the platform.

Read more: https://finance.yahoo.com/news/twitter-says-waiting-period-musks-123424926.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAMyzmpF437joPbUp10X0X7HKVQOJhfrqgqrlflDSmXMJxc_3tJCy_gqB8wMHMVZrn_Sr80wia5ijovn6qPUWc0ZV5J6eQfPkzLQKtSeS1NGjAySyaoIEgUYtL8JVp_az3MHn8z2PvLAIqp4vw26-C8_EiEiLLS1ednKp75Au49Pm

[FBaggins]

1. Not really a surprise

What antitrust implications could there be if Musk doesn't currently own any other competing company?

[LetMyPeopleVote]

2. I am not surprised that there will be no review under the Hart-Scott-Rodino Act

I still wonder if this deal will be consummated

[BumRushDaShow]

3. Twitter stock price was sitting at

~$40 and some change at last look.

https://www.google.com/finance/quote/TWTR:NYSE

[exboyfil]

4. Hold his feet to the fire

at $54/share. Be ready to sue him if he balks.

Also the biggest influencers that agree that dangerous demagogues should not be on the platform should prepare to deplatform when one of them comes onto the platform. Try to take as many followers as you can with you.

[LiberalLovinLug]

5. This is all we need. For Twitter to become Trump's playground of disinformation and insults

And all his gleeful MAGATS retweeting and piling on.

If you thought Twitter was a cesspool now....

I would like to know if Musk plans on implementing ANY standards of conduct at all. Will blatant racism, sexism be allowed? Will insurrectionists be able to talk about how they want to blow up the gob'mint?

And on that note, if all manner of RW lies and disgusting insults will be allowed, will the same amount be allowed coming from the left?

[cynical_idealist]

6. They'll install a Big button to "report excessive facts"