New Delhi: According to the big news coming from the business corridor, now the matter has not been cleared yet regarding the acquisition of Twitter by billionaire businessman Elon Musk. At the same time, the market is hot with all kinds of speculations about whether Musk will deal with Twitter or not. At the same time, now a big statement from Twitter has fueled these speculations even more.
Twitter Inc. said on Friday that the waiting period for the $44 billion acquisition of the social media firm by Elon Musk under the HSR Act has now ended.
At the same time, according to Reuters, Twitter has also said that the completion of this deal is now subject to large and specific terms, which also include Twitter’s share dollars and appropriate permission from the regulator.
Notably, the HSR Act or the Hart Scott Rodino Antitrust Improvement Act of 1976 also requires parties to report large transactions to both the Federal Trade Commission and the US Department of Justice Antitrust Division for review.
Significantly, Elon Musk had told through a tweet a few days ago that his $ 44 billion deal for Twitter Inc. has been temporarily stopped. Also, behind this, Musk had mentioned the spam and fake account of Twitter. At the same time, many share prices have also reached the court against Elon Musk, accusing him of influencing the share prices of Twitter.
