Democratic U.S. senator wants probe into Saudi firm’s stake in Twitter – Reuters

Democratic U.S. senator wants probe into Saudi firm’s stake in Twitter – Reuters

WASHINGTON, Oct 31 (Reuters) - Democratic U.S. Senator Chris Murphy said on Monday he wants a U.S. national security review of a Saudi Arabian conglomerate's stake in Twitter Inc after Elon Musk's takeover of the social media company.

Murphy said he was asking the Committee on Foreign Investment in the United States (CFIUS) — which reviews acquisitions of U.S. businesses by foreign buyers — "to conduct an investigation into the national security implications of Saudi Arabia's purchase of Twitter."

Most foreigners seeking to take even noncontrolling stakes in U.S. companies must seek approval from CFIUS, a powerful Treasury-led committee that reviews transactions for national security concerns and has the power to block them.