Delayed by talks: SolarCity said that the takeover talks with Tesla led to project financing delays of about 30 days. — Reuters
WASHINGTON: Tesla Motors Inc has won US antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company.
The Federal Trade Commission said on Aug 25 that the deal was approved. It was on a list of proposed transactions that were granted quickly because the merging partners have few or no overlaps.
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