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Tesla Inc Chief Executive Elon Musk’s initial 9% stake purchase in Twitter Inc is being probed by the Federal Trade Commission (FTC), The Information reported on Thursday.
The FTC is looking into whether Musk complied with an antitrust reporting requirement when he bought his stake in the social media company in early April, the report said, citing people with knowledge of the situation.
Twitter did not immediately respond to a Reuters request for comment.
(Reporting by Akash Sriram in Bengaluru; Editing by Aditya Soni)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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