The US Federal Trade Commission (FTC) is investigating whether Tesla Chairman Elon Musk violated rules for reporting such transactions when he bought a 9% stake in Twitter. Report it server Information with reference to sources familiar with the situation.
According to the sources, the FTC is primarily interested in whether Musk began buying Twitter shares in order to influence the company’s management, or whether it wants to be a somewhat passive shareholder.
On April 4, Musk announced a nearly 9 percent stake purchase in a report to the Securities and Exchange Commission (SEC), calling the stake negative. The Information reports that this immediately raised doubts about his public comments about how Twitter was run.
In mid-April, Musk came up with an offer to take over the entire company, which Twitter’s board of directors unanimously approved this week. Now the acquisition of the company for $44 billion (about one trillion CZK) has not been approved by shareholders and regulators.
Musk is the richest man in the world. According to the Billionaires Index, compiled by Bloomberg, its assets are about 253 billion dollars (nearly six trillion CZK). Last December, Time and Financial Times named Mosca Person of the Year.
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