Sen. Chris Murphy wants a congressional investigation into 'potential national security concerns' arising from Saudi Arabia and Qatar's involvement in Elon Musk's Twitter takeover. If he gets his way, that could open the oversight floodgates.
on Twitter, it could open the oversight floodgates for a Biden administration that's been much cooler toward MBS and company than was its Saudi slobbering predecessor.This is one to watch for any U.S. tech company that's taken Saudi money, or any company thinking about doing so.the Committee on Foreign Investment in the U.S. to investigate "potential national security concerns" arising from Saudi Arabia and Qatar's involvement in Elon Musk's takeover of Twitter.
Bin Talal retained a position going forward, later buying even more shares, and in May signaled that it would roll over its stake into Musk's deal. That pledge was codified yesterday in SEC filings, which say that Kingdom is now Twitter's second-largest shareholder .he argued A source familiar with the situation adds that Murphy's concern is exacerbated by the large amount of debt that Musk/Twitter now must service, and what demands that may enable Saudi to make. Particularly given that Musk, at least for the moment, is Twitter's sole director.as Ben Horowitz , Ray Dalio , Jamie Dimon , Steve Schwarzman and David Solomon .CFIUS doesn't automatically snap to attention when senators bark, and there's every possibility that it will ignore Murphy.
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