Report: Musk’s $44 Bln Buyout of Twitter Faces US Antitrust Review

Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. (AP)
Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. (AP)
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Report: Musk’s $44 Bln Buyout of Twitter Faces US Antitrust Review

Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. (AP)
Tesla CEO Elon Musk introduces the Cybertruck at Tesla's design studio Thursday, Nov. 21, 2019, in Hawthorne, Calif. (AP)

The US Federal Trade Commission (FTC) is reviewing Tesla Chief Executive Elon Musk's $44 billion takeover of Twitter Inc, Bloomberg News reported on Thursday, citing a person familiar with the deal.

The FTC declined to comment, while Musk could not be reached for comment.

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.

Antitrust experts have said there is little likelihood the agency will find any evidence that Musk's purchase of Twitter is illegal under antitrust law.

The FTC is already investigating Musk's initial purchase of a 9% stake in Twitter, probing whether he complied with an antitrust reporting requirement when he acquired the shares in early April.

One critic of the deal has been Open Markets Institute, which said that it should be stopped to avoid giving an already powerful man "direct control over one of the world's most important platforms for public communications and debate." It also cited Musk's ownership of the satellite communications company Starlink as a concern.

The deal has the support of Republicans, who hope conservatives banned from the site, like former President Donald Trump, will be allowed to return.

While Musk has tweeted about free speech, when he discusses plans for Twitter he focuses more on helping revenues by getting more people to use it or cutting such expenses as executive pay. He has said nothing publicly about allowing banned former users to return.



Apple Changes App Store Rules in EU to Comply with Antitrust Order

This photo shows a general view of an Apple store in the Huangpu district in Shanghai, on June 23, 2025. (AFP)
This photo shows a general view of an Apple store in the Huangpu district in Shanghai, on June 23, 2025. (AFP)
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Apple Changes App Store Rules in EU to Comply with Antitrust Order

This photo shows a general view of an Apple store in the Huangpu district in Shanghai, on June 23, 2025. (AFP)
This photo shows a general view of an Apple store in the Huangpu district in Shanghai, on June 23, 2025. (AFP)

Apple on Thursday changed rules and fees in its App Store in the European Union after the bloc's antitrust regulators ordered it to remove commercial barriers to sending customers outside the store. 

Apple said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple's small-business program. 

Developers who send customers outside the App Store for payment will pay a minimum fee of 5% and at most 15%. Developers will also be able to use as many links as they wish to send users to outside forms of payment. 

The changes are aimed at trying to help Apple avoid paying daily fines of 5% of its average daily worldwide revenue, or about 50 million euros ($58 million) per day after being given 60 days to show it was in compliance with the bloc's Digital Markets Act. Apple has already paid 500 million euro ($580 million) fine levied by EU antitrust regulators in April. 

"The European Commission is requiring Apple to make a series of additional changes to the App Store. We disagree with this outcome and plan to appeal," Apple said in a statement. 

In a statement, the European Commission said it will now review Apple's changes for compliance with the Digital Markets Act. 

"As part of this assessment the Commission considers it particularly important to obtain the views of market operators and interested third parties before deciding on next steps," the Commission said in a statement. 

In a statement posted on social media site X, Tim Sweeney, CEO of Epic Games, which fought a protracted antitrust lawsuit with Apple, called Apple's changes "a mockery of fair competition in digital markets. Apps with competing payments are not only taxed but commercially crippled in the App Store." 

Apple did not immediately respond to a request for comment on Sweeney's remarks.