The waiting period for Elon Musk's deal has ended, according to Twitter.
The news comes after Musk claimed last month that the Twitter transaction was "temporarily on hold" as he sought additional information about the platform's false account percentage.
The HSR Act's waiting period for Elon Musk's $44 billion acquisition of Twitter Inc expired on Friday, according to Twitter Inc.
The agreement is now subject to the satisfaction of the remaining customary closing conditions, which include approval by Twitter stockholders and the receipt of all necessary regulatory clearances, according to Twitter.
The Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) requires parties to submit major transactions to the Federal Trade Commission and the Antitrust Division of the United States Department of Justice for assessment.
The development comes as Musk said last month that the Twitter deal was "temporarily on hold", while he sought more information about the proportion of fake accounts on the platform.
Musk has secured funding for the deal, which includes $33.5 billion through equity financing and $13 billion through loans against Twitter.
Twitter's shares rose about 2% to $40.62 in premarket trading.
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