A former Justice Department official said Elon Musk's proposed Tesla-SpaceX merger carries real antitrust risk, noting regulators may block it if it is seen as a vertical exclusivity deal that restricts rival carmakers.
Former US official says SpaceX-Tesla merger could face antitrust scrutiny
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The story so far: SpaceX-Tesla merger talks
Musk said SpaceX and Tesla boards set up independent director committees to assess a possible merger; the firms hold about 30,221 BTC combined. A former Justice Department official says the merger carries antitrust risk. South Korean Tesla holders could now face a tax bill on a $23.1bn stake without selling if SpaceX…
Musk says SpaceX and Tesla boards weigh merger, with 30,221 BTC combined
Musk said on SpaceX's third-quarter earnings call that both SpaceX and Tesla boards have set up independent director committees to assess a possible merger. The firms hold 11,509 and 18,712 Bitcoins respectively, about 30,221 BTC worth roughly $2.5bn at about $83,000.
Former US official says SpaceX-Tesla merger could face antitrust scrutiny
A former Justice Department official said Elon Musk's proposed Tesla-SpaceX merger carries real antitrust risk, noting regulators may block it if it is seen as a vertical exclusivity deal that restricts rival carmakers.
South Korean Tesla holders face tax on $23.1bn stake if SpaceX merges
South Korean holders of Tesla shares could face a tax bill on a $23.1bn stake without selling if SpaceX merges with the carmaker.
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