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President Joe Biden said on Wednesday that any foreign involvement in Elon Musk‘s Twitter acquisition – including by Saudi Arabia – is ‘worthy of being looked at’.
He made the comments in a press conference on the midterm elections after Democrats performed better than expected.
The president was asked if he considered the billionaire and his deal a national security threat.
‘I think that Elon Musk’s cooperation and or technical relationships with other countries is worthy of being looked at,’ he said, after a long pause – choosing his words very deliberately.
‘Whether or not he’s doing anything inappropriate.
‘I’m not suggesting that.
‘I’m suggesting that it’s worth looking being looked at.
‘That’s all I’ll say.’
Asked how the deal should be looked at Biden laughed, and replied: ‘There’s a lot of ways.’
Musk’s Twitter $44 billion Twitter buy was partially funded by Saudi Arabia and its prince, Alwaleed bin Talal, who became the second-largest investor in the now-private social media company.
President Joe Biden said Wednesday that any foreign involvement in Elon Musk’s Twitter acquisition – including by Saudi Arabia – is ‘worthy of being looked at’
Musk, pictured on November 4, bought Twitter two weeks ago – the deal closed on October 27. Biden said that it was potentially worthy of investigation, given the foreign financing
Musk is yet to respond to Biden’s remarks.
Last month, Senator Chris Murphy of Connecticut said Musk’s deal with the Saudis was worth investigating.
‘Today I am requesting the Committee on Foreign Investment — 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,’ he said.
Most foreigners seeking to take even non-controlling 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.
Saudi Arabia’s Kingdom Holding Company and the private office of Prince Alwaleed bin Talal said they will continue their ownership of Twitter shares – valued at $1.89 billion.
On Wednesday afternoon, Musk acknowledged that his fraught takeover of the company two weeks ago – which has already seen him fire many of the executives including the CEO, chief financial officer and senior lawyers, plus 3,700 others – was a work in progress.
‘Complaint hotline operator online! Please mention your complaints below,’ he tweeted on Wednesday morning.
He added that afternoon: ‘Please note that Twitter will do lots of dumb things in coming months. We will keep what works & change what doesn’t.’
On Tuesday, he tweeted: ‘Twitter is the worst! But also the best.’
The two men have a long history of fraught relations.
Most recently, Musk urged his 114 million Twitter followers to vote against Biden’s party in the midterms, telling ‘independent-minded’ voters to pick Republicans.
He said that ‘shared power curbs the worst excesses of both parties’ so independent voters should vote ‘for a Republican Congress, given that the Presidency is Democratic’.
In a follow-up post, he added that ‘independent voters are the ones who actually decide who’s in charge’ because hardcore voters on both sides never vote for the other side.
Musk previously said he used to be a Democrat, but would vote Republican in the future.
In May, he declared he would vote Republican because the once-kind Democrat party had become ‘the party of division and hate’.
A month earlier, he had posted a cartoon-like image attacking the Democrats for becoming more left-wing – leaving him, views unchanged, on the right of the political spectrum.
The prolific tweeter posted in May: ‘In the past I voted Democrat, because they were (mostly) the kindness party.
‘But they have become the party of division & hate, so I can no longer support them and will vote Republican.
‘Now, watch their dirty tricks campaign against me unfold.’
The left got lefter: In April, Musk shared an image showing how the political landscape had changed leaving him, and his unchanged views, more centrist then right as left-wing politics changed
Musk branded the Democrats a party of ‘division and hate’ in a May tweet
Musk was angered early on in the Biden presidency, when he was not included in a White House gathering of the nation’s biggest makers of electric vehicles.
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