US govt mulls national security review of Musk’s Twitter buyout deal; Will Biden have the final say on the deal?

Musk’s plans to purchase Twitter for $44 billion with the help of foreign investors have concerned Biden administration officials. Officials are considering which tools they could use to review Musk’s ventures, including action by CFIUS.

If the Twitter acquisition is to be reviewed by CFIUS for national security reasons, the agency could recommend to President Biden that he nixes the deal.

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.