Musk financed the $44 billion deal with the help of loans and international investments.
Upon buying the platform, Musk reorganised its equity structure privately.
The US government now wants to know more about the stakeholders and their roles.
Although Elon Musk might have had enough time on Twitter to settle down and complete the transition, the $44 billion deal hasn't gone unnoticed by the government of the United States. According to a report by Bloomberg, Musk's acquisition of Twitter, which was made possible with the help of investors who backed the billionaire, is in focus for data security review.
US president wants to look into Musk’s foreign relations
For those who are catching up, Musk financed the $44 billion deal with the help of loans and international investments. Now, the United States government is examining whether Musk's partners have access to Twitter users' data.
Per the report, the government has asked for details about Musk's agreement with international stakeholders in Twitter, including Saudi Arabia's Prince Al Waleed bin Talal Al Saud, the Qatar Investment Authority, and the dealings that took place in China and Ukraine.
What makes this development even more interesting is that earlier this week, the head of the Committee on Foreign Investment in the United States (CFIUS), Janet Yellen, said that she finds no reason to investigate the Musk-Twitter deal.
However, US president Joe Biden said Musk's relationships with those beyond the border should be examined. Following the president's remark, Senator Chris Murphy also asked the CFIUS to look into the international stake in Twitter.
In addition, The Verge reports that several senators have asked the FTC to investigate whether Musk-led Twitter has violated federal consumer protection laws, stating that the microblogging platform has been taking alarming steps that might have undermined the integrity and safety of the platform.
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Shikhar Mehrotra
Writing for more than four years, Shikhar is not just a tech journalist but a tech enthusiast who watches smartphone launch events like his favourite Marvel movies. He stays in sync with all the new toys released by giants and specialises in consumer tech View Full Profile
