The US Federal Trade Commission (FTC) is investigating whether Tesla boss Elon Musk violated the rules for reporting such transactions when he bought a 9 percent stake in Twitter. He informed about it server The Information with reference to sources familiar with the situation.
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According to sources, the FTC is mainly concerned with whether Musk started buying Twitter shares in order to influence the company’s management, or whether it wanted to be a rather passive shareholder.
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On April 4, Musk announced the purchase of a roughly 9 percent stake in a report to the Securities and Exchange Commission (SEC), in which he described the stake as passive. This immediately raised doubts about his public comments about how Twitter is managed, The Information reported.
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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 takeover of the company for $ 44 billion (roughly a trillion CZK) has yet to be approved by shareholders and regulators.
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Musk is the richest man in the world. According to the Billionaire Index, compiled by Bloomberg, the value of its assets is about $ 253 billion (almost six trillion CZK). Last December, Time magazine and the Financial Times named Muska Personality of the Year.
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