Tesla Motors moved a step closer in its bid to buy SolarCity after federal regulators said the $2.6 billion deal doesn’t present antitrust concerns.
Tesla announced plans to purchase the solar panel installer earlier this month, and Reuters says the Federal Trade Commission quickly signed off “because the merging companies have few or no overlaps.”
NPR’s Jeff Brady has more on the deal:
“Tesla is pursing the acquisition because on top of building cars, the company says it wants to produce the renewable energy that could power them.
Read the Full Story HERE >>>> Source: Tesla Clears Antitrust Hurdle In $2.6 Billion Deal For SolarCity : The Two-Way : NPR