The US Federal Trade Commission is reviewing Tesla Chief Executive Elon Musk's US$44 billion takeover of Twitter, Bloomberg News reported on Thursday, citing a person familiar with the deal.The agency will decide in the next month whether it will do an in-depth antitrust probe of the proposed transaction, the person told Bloomberg. Such a probe would delay the deal's closing by months.
The FTC is already investigating Musk's initial purchase of a 9 per cent stake in Twitter, probing whether he complied with an antitrust reporting requirement when he acquired the shares in early April.
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