Tesla wins U.S. antitrust approval to buy SolarCity
WASHINGTON, Aug 25 (Reuters) - Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday.
The deal was on a listing of proposed transactions that have won "early termination."
The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy management systems, battery production and marketing. (Reporting by Diane BartzEditing by Jeffrey Benkoe)
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