Jessica Toonkel
Elon Musk’s Early Twitter Purchase is Under FTC Scrutiny
Elon Musk’s $44 billion Twitter takeover is unlikely to raise antitrust concerns. But what is already being scrutinized is Musk’s failure to comply with rules regarding disclosure of his initial 9 percent stake, according to people with knowledge of the situation. The Federal Trade Commission recently opened an inquiry into whether Musk failed to comply with an antitrust reporting requirement as he amassed his initial 9.1 percent stake in Twitter between the end of January and the beginning of April 2022.
U.S. judge says AT&T-Time Warner merger trial may last 8 weeks
US District Judge Richard Leon said a trial to decide if AT&T’s $85 billion acquisition of Time Warner is legal under US antitrust law may last six to eight weeks, significantly longer than previously forecast. At a pre-trial hearing, Judge Leon said he will hear up to two days of motions before hearing opening arguments on March 21. Lawyers for the government and both companies did not comment on Leon’s estimate on the length of the trial; they had previously suggested it would last three weeks.