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Elon Musk’s Twitter Deal Clears Regulatory Waiting Period, Closer To Ownership

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OPINION: This article may contain commentary which reflects the author's opinion.


Tesla, Space X and Starlink CEO Elon Musk is now closer to becoming the CEO of Twitter.

The regulatory waiting period to complete the purchase required by the Hart-Scott-Rodino Antitrust Improvements (HSR) Act expired on Friday, Fox News reported.

The HSR requires companies to give advance notice of transactions above a certain threshold to the Federal Trade Commission and Department of Justice. The agencies have 30 days from the notification to pursue an initial investigation of the transaction to determine whether additional information is needed to assess its legality.  Neither agency requested additional information.

While the expiration of the HSR waiting period has been satisfied, Twitter emphasized that the deal’s completion is still subject to remaining customary closing conditions, including shareholder and remaining applicable regulatory approvals. 

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The deal, which would take Twitter private at $54.20 per share, is expected to close in 2022. 

The latest development comes after Musk said the deal would be temporarily put on hold as he awaits calculations supporting the social media giant’s internal estimate that spam and fake accounts make up less than 5% of the platform’s users.

It came the day before he tweeted a meme that said, “Things I’ll never see in my life,” along with photos of a fire-breathing dragon, a unicorn, a dinosaur, and the Jeffrey Epstein/Ghislaine Maxwell client list.

“Only thing more remarkable than DOJ not leaking the list is that no one in the media cares. Doesn’t that seem odd?” he added.

A Twitter user posted a picture of Musk with Maxwell to which Musk replied: “Ah yes, Maxwell photobombing me at a @VanityFair Oscars party – you should ask them why they invited her.”

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“The same people who push this photo say nothing about prominent people who actually went to his island a dozen times. Also very strange…” he added.

It isn’t the first time Musk mentioned Maxwell’s client list.

A Twitter user asked: “It says it all that we heard more about Will Smith slapping Chris Rock than we heard about Ghislaine Maxwell’s trial. It is also “interesting” that the account tracking the Ghislaine Maxwell’s trial got banned when it gained traction. Lovely people indeed…”

Musk then quipped: “Where is their ‘client’ list? Shouldn’t at least one of them go down!?”

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Shortly thereafter he added: “Hey, why are they already writing my suicide story!?”

Previous reports noted that former President Bill Clinton hung out with Epstein far more than previously known.

Epstein, who died in prison in 2019 awaiting trial on new charges, met with then-President Clinton on several occasions, according to a Friday report.

The Daily Mail reported that Epstein visited Clinton frequently at the White House and often brought young women with him.

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Newly unearthed visitor logs show that Epstein visited the Clinton White House at least 17 times during Clinton’s first term in office.

It’s amazing that somebody can hack and release a draft from the SUPREME COURT, but no-one can figure out how to get a hold of the Epstein/Maxwell client list and release it to the public??

“The nature of Epstein’s accompanied visits is not disclosed in the visitor logs, however, they show one of them coincided with a dinner in the Blue Room attended by dozens of well-heeled guests,” the outlet’s report continued.

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One source told the outlet that the photos “show just how close Ghislaine Maxwell and Jeffrey Epstein got to one of the most powerful men in the world — in the most powerful building.”

Also, Microsoft founder and CEO Bill Gates has come out publicly and said of his association with Epstein: “At the time, I didn’t realize that by having those meetings it would be seen as giving him credibility. You’re almost saying, ‘I forgive that type of behavior,’ or something. So clearly the way it’s seen, I made a huge mistake not understanding that.”

In 2019, The Daily Beast reported Epstein and Clinton met on multiple occasions while Clinton was president.

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