Elon Musk offered to purchase Twitter for $44 billion dollars in April. After a protracted legal fight, which included Musk trying to back out of the deal, Musk became the owner of Twitter on October 26.
US Chief executive Joe Biden noted throughout a Wednesday address on the midterm election results that billionaire Elon Musk needed to be “ looked at” when inquired whether the entrepreneur was a danger to US national security.
“ Do you think Elon Musk is a threat to US national safety, ” Jenny Leonard associated with Bloomberg asked. “ And should the US, with all the tools you have, investigate his joint acquisition of Twitter with foreign governments, which include the Saudis? ”
Biden laughed at the question before responding to: “ I think that Elon Musk’s cooperation and or even technical relationships with other nations is worthy of being looked at. Whether or not he is doing anything inappropriate, I’m not suggesting that. It warrants being looked at. ”
Since Musk’s purchase associated with Twitter, Alwaleed bin Talal is now the second largest buyer in the site. Musk purchased Twitter with the help of several big investors, including Twitter creator Jack Dorsey and cryptocurrency exchange Binance. But it’s the Saudi expense that has some worried.
The largest equity holder after Musk is definitely Saudi Arabia’s Kingdom Holdings Co., which is owned by bin Talal, who agreed to roll over the company’s $1. 89 billion stake in the company when Musk purchased it.
The particular sale has caused dispute inside and outside of the web site itself for a variety of issues. In regards to the Saudi connection, Senator Chris Murphy (D-CT) sent a letter to the Committee on Foreign Investment in the usa (CFIUS), asking them to check out the sale.
Murphy said he wants to ensure the safety of “ the nationwide security interests of the United States and American citizens, ” adding that will “ any potential that will Twitter’s foreign ownership will result in increased censorship, misinformation, or even political violence is a plot national security concern. ”
CFIUS, chaired by Treasury Secretary Janet Yellen, has the ability to cease sales that raise warning flags. If a national security risk is found, it could reverse the deal or order the Saudi company to divest its investment in the company.
Saudi Arabia has the eighth-most Twitter customers worldwide. The country’s government provides little protection for free speech and has been arrested of numerous human rights infractions. Musk, who calls himself a “ free talk absolutist” has promised to create free speech back to the woking platform.