Senator Asks CFIUS to Review Musk's Twitter Deal
The Committee on Foreign Investment in the U.S. should conduct a review of Elon Musk’s purchase of Twitter, Sen. Chris Murphy, D-Conn., said on Twitter. CFIUS should investigate the “national security implications” of the deal, Murphy said Oct. 31, specifically Saudi Arabia’s role in the acquisition. Bloomberg recently reported (see 2210210018) that CFIUS could exercise its jurisdiction over the deal due to the “presence of foreign investors in Musk’s consortium,” which includes Prince Alwaleed bin Talal of Saudi Arabia.
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“We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting U.S. politics, are now the second-largest owner of a major social media platform,” Murphy said in a tweet. “There is a clear national security issue at stake and CFIUS should do a review.” The Treasury Department declined to comment.