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The FTC has given approval for Tesla to move forward with its $2.6 billion Tesla-SolarCity merger.
Feds approve $2.6 billion Tesla-SolarCity merger, but stock market says 'meh'
The Federal Trade Commission has given its approval for Tesla Motors' acquisition of the SolarCity power panel company, saying that the combination would create no antitrust concerns. The go-ahead removes another hurdle to the $2.6 billion all-stock deal, which was proposed in June. Billionaire entrepreneur Elon Musk is the largest investor in both companies.
The next step is a vote by shareholders which will exclude stocks held by Elon and other Executives. The Tesla-Solar City Merger would allow the new merged company to create a unified product line with products for the whole process of converting the sun's energy into power for your can and home!



