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 (TWTR) by rolling over his 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. The Connecticut Democrat urged the Committee on Foreign Investment in the United States, known as CFIUS, to conduct an investigation into the “national security implications” of the Saudi involvement. CIFUS, 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.
— source cnn.com | Oct 31, 2022