Article 65A47 Senator calls for investigation into Saudi stake in Elon’s Twitter buyout

Senator calls for investigation into Saudi stake in Elon’s Twitter buyout

by
Makena Kelly
from The Verge - All Posts on (#65A47)
VRG_Illo_STK022_K_Radtke_Musk_Crazy.0.jp Kristen Radtke / The Verge; Getty Images

Sen. Chris Murphy (D-CT) is demanding a national security review of Elon Musk's Twitter takeover and the nearly $2 billion in Saudi funding for the deal.

In a statement on Monday, Murphy called on the Committee on Foreign Investment in the US (CFIUS) to open an investigation into Saudi investment in Twitter. Musk's deal, totaling $44 billion, includes billions in foreign funding from both Saudi Arabia and Chinese investors. Saudi Arabia's Kingdom Holding Company and the private office of Prince Alwaleed bin Talal claimed to be Twitter's second largest investors," with a combined stake worth $1.89 billion.

We should be concerned that the Saudis, who have a clear interest in repressing political speech and impacting U.S. politics, are...

Continue reading...

External Content
Source RSS or Atom Feed
Feed Location http://www.theverge.com/rss/index.xml
Feed Title The Verge - All Posts
Feed Link https://www.theverge.com/
Reply 0 comments