Democratic Sen. Chris Murphy is calling on the federal government to investigate national security concerns raised by Saudi Arabia’s role in Elon Musk’s takeover of Twitter
. Saudi Arabian Prince Alwaleed bin Talal helped Musk finance the $44 billion acquisition of Twitter by rolling over his \n \n existing $1.9 billion stake in the social media company. The move makes Saudi entities the second-largest shareholder in Twitter – behind only Musk himself.
an interagency committee chaired by the US Treasury Department, reviews takeovers of US businesses by foreign buyers and has the ability to block transactions that raise concerns. Even though Musk already closed his takeover of Twitter late last week, it may still be subject to national security review.
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Democratic senator calls for probe of Saudi Arabia's stake in Twitter after Musk takeover'The purpose of these reviews is clear: to protect the national security interests of the United States and American citizens,' Sen. Chris Murphy, D-Conn., wrote in a letter to Treasury Secretary Janet Yellen.
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