Biden eyeing Elon Musk’s ‘Saudi connection’, technical relationship under scrutiny.

Elon musk
Image by Mohamed Hassan from Pixabay

Tesla CEO Elon Musk has been in constant discussion after buying the microblogging site Twitter. Whether it is an incident of large-scale layoffs or the decision to bring a monthly subscription plan for Blue Tick… Elon Musk’s action is being discussed all over the world.

A new kind of debate has now erupted in America regarding the Twitter acquisition of billionaire businessman Elon Musk. Due to the investment of Saudi Arabian businessmen in the deal, America’s media is raising many questions. Many questions were also asked of President Joe Biden on this issue.

The US President was asked do you think Elon Musk is a threat to America’s national security? And should the US investigate its ties with foreign governments for a Twitter acquisition? While Saudi Arabia is also involved in this deal.

In response to this question, Biden said that Elon Musk’s cooperation and technical relations with other countries deserve attention. However, he refused to say anything directly. Biden said his comment was not on whether Musk was doing or not doing anything wrong. They are just suggesting that it can be looked into.

According to Reuters, Musk himself arranged most of the money to buy Twitter. But the deal has also invested $7.1 billion in equity investors, including billionaire Larry Ellison as well as Prince Alwaleed of investment company Qatar Holding.

This is how the Twitter deal completed

  • The Twitter deal started in April this year. On April 4, Elon Musk bought a 9.2 percent stake in Twitter. With this, he became the largest shareholder of the company. In view of Musk’s stake, the company invited him to join the board member.
  • Musk declined to join the board. He later offered to buy Twitter for $ 44 billion at a price of $54.2 per share. Initially, the company did not accept this offer, but after a few days, the shareholders agreed to this deal.
  • In May, Twitter stated in its filing that the number of bots on the platform is only 5 percent. It was on this that a dispute started between Musk and Parag Aggarwal. On May 13, Musk put the deal on hold.
  • On May 16, there was an argument between Musk and Parag Agarwal over bot accounts. After this, on May 17, Musk threatened to hold the deal. On July 8, Musk withdrew from the deal. On July 12, Twitter sued Musk.
  • After this, a game of mouse and cat continued between Musk and Twitter for a few days. On October 4, Musk, taking a U-turn, once again offered to complete the deal. The deal was finalized on 27 October.

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