• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, June 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Musk’s antitrust waiting period to acquire Twitter expires

by Meghana Kandra
June 3, 2022 - Updated On June 4, 2022
in Business, Future Tech, News
Reading Time: 2 mins read
0
Twitter says waiting period for Elon Musk's deal has expired
TwitterWhatsappLinkedin

Elon Musk’s Twitter acquisition appears to now halted as Twitter dodges the lengthy review of the proposed deal. The antitrust waiting period of the proposed $44 billion acquisition is not officially expired. Now, the formalities like customary closing conditions and Twitter stockholders’ approval are left.

You might also like

Who Tops the Rich List? 13 Richest Celebrities of 2025

PhonePe Eyes $1.5 Bn IPO at $15 Bn Valuation

Benefits of AI-Driven Platform in CLM for Pharma Industries

 Twitter says waiting period for Elon Musk's deal has expired
Image credits- Times of India

Once the regulatory approvals are finished, it seems like Musk’s proposal will officially be rejected. Under the antitrust law, the deals are reported to the US government. Where the deal is reviewed by either the Federal Trade Commission or the Justice Department. If either of the agency filed a second request, there would have been an investigation. It could have lasted several months for the investigation to end.

Last month, Elon Musk said that the Twitter deal was temporarily on hold. Meanwhile, he’s working on seeking information on the percentage of fake accounts on the platform. Musk had already secured debt funding and equity for the deal.

The series of events

Initially, on April 14, 2022, Musk revealed his intention to acquire the social media platform, Twitter. The proposed deal has been $43 billion, while Musk already acquired around 9.1 percent of shares in the company. After the proposal, Twitter invited Musk to a board of directors position, which he declined after briefly accepting it.

Later Twitter announced a “poison pill” strategy to not let Musk acquire the company on April 15. Ten days later on April 25, Twitter’s board unanimously accepts the $44 billion buyout proposal. The reception has been mixed, where some praised Musk’s vision for Twitter. While the notable criticism was pointed out disinformation and harassment on the platform being the main concern. By May 2022, the approval was pending officially, which was to be approved by regulators and shareholders.

The takeover

In April, Musk owned around 9.2 percent of company shares, making him the largest shareholder in the company. He started buying shares of Twitter in January 2022. Despite that, his plans appear to include full acquisition, to change the way how Twitter works.

On April 14 Musk officially made the announcement of the proposal on Twitter. In a TED interview, Musk shared his idea of how Twitter could be advanced. He said the platform has immense potential. His focus was not the government censorship like many Twitter users would have thought. It was focused on Twitter’s moderation policies.

Since the proposal, many have been sharing their opinions. Twitter advisors, JPMorgan Chase, and Goldman Sachs have said that the deal should be approved. They said that it is a fair deal from a financial perspective. Various other factors like Musk servicing as interim CEO after the acquisition were all decided. But now, things seem to be taking a backslash once again for Elon Musk.

Tags: Elon Muskfake accountslargest shareholderproposaltwitterTwitter buyout
Tweet54SendShare15
Previous Post

Samsung Galaxy Watch 5 series Moniker might have been confirmed

Next Post

Engineer sues Amazon for not covering work-from-home internet, electricity bills.

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Who Tops the Rich List? 13 Richest Celebrities of 2025

by Thomas Babychan
June 23, 2025
0
Who Tops the Rich List? 13 Richest Celebrities of 2025

In 2025, the entertainment and sports industries continue to shape a major portion of global wealth. Celebrities are no longer just known for their talents in film, music,...

Read more

PhonePe Eyes $1.5 Bn IPO at $15 Bn Valuation

by Ishaan Negi
June 23, 2025
0
PhonePe Raises $850 Million in Funding Round as Walmart’s Stake Drops

Walmart Inc.'s financial gem, PhonePe, is getting ready for a huge expansion. According to reports, the firm, which is the biggest digital payments network in India, intends to...

Read more

Benefits of AI-Driven Platform in CLM for Pharma Industries

by Rohan Mathawan
June 23, 2025
0
Photo by Jeff Trierweiler on Unsplash

In the pharmaceutical world, a single delayed contract can stall a clinical trial, delay regulatory submissions, or block the release of a new drug to market. Yet many...

Read more
Next Post
The logo of Amazon outside a store

Engineer sues Amazon for not covering work-from-home internet, electricity bills.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?