The Washington PostDemocracy Dies in Darkness

U.S. exploring whether it has authority to review Musk’s Twitter deal

Terms of the deal give large foreign investors access to confidential information about the social media platform

Updated November 2, 2022 at 6:43 a.m. EDT|Published November 1, 2022 at 8:19 p.m. EDT
The U.S. government is exploring whether it has legal authority to review the terms of Elon Musk's deal to purchase Twitter. (Chris Ratcliffe/Bloomberg News)
8 min

U.S. officials are weighing whether to open a formal investigation into Elon Musk’s purchase of Twitter as new details emerge about the privileges granted to large foreign investors under the terms of the deal, people familiar with the matter told The Washington Post.

A person familiar with the developments said Wednesday that the Treasury Department had contacted Twitter to learn more about the structure of its new ownership and the confidential agreements Musk struck with his foreign investors. Those include a Saudi prince’s holding company, a subsidiary of the Qatari sovereign wealth fund and Binance, a cryptocurrency exchange that was founded in China but has since moved its operations elsewhere.