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FTC conducting antitrust review of Elon Musk’s Twitter takeover: Report

By Ryan King
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FTC conducting antitrust review of Elon Musk’s Twitter takeover: Report

The Federal Trade Commission is reportedly evaluating Elon Musk’s $44 billion acquisition of Twitter to see if it poses any antitrust concerns.

A decision about whether to proceed with an in-depth review of the acquisition will be made within the next month, sources told Bloomberg. The news comes one day after Rep. Jim Jordan (R-OH) raised alarms about the FTC being unfairly biased against Musk.

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Elon Musk FTC Jim Jordan Washington D.C. X (Formerly Twitter)