Musk's Twitter acquisition clears U.S. antitrust review

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Twitter investors remain in limbo as Elon Musk evaluates his deal.

is a step closer to completion as the regulatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 officially expired on Friday. Federal Trade Commission

and Department of Justice. The agencies have 30 days from the notification to pursue an initial investigation of the transaction to determine whether additional information is needed to assess its legality. Neither agency requested additional information. While the expiration of the HSR waiting period has been satisfied, Twitter emphasized that the deal's completion is still subject to remaining customary closing conditions, including shareholder and remaining applicable regulatory approvals.

 

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