US might bail Musk out by blocking Twitter deal over national security

US might bail Musk out by blocking Twitter deal over national security

a year ago
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https://arstechnica.com/tech-policy/2022/10/us-might-bail-musk-out-by-blocking-twitter-deal-over-national-security/

After the richest man in the world, Elon Musk, decided he would move forward with his plan to buy Twitter for what experts say is nearly four times its current worth, even Twitter doubted that Musk actually meant to see the deal through. Now, as Musk remains under federal investigation for his merger conduct, The Washington Post reports that if Musk does take over Twitter, he plans to gut Twitter’s staff by 75 percent. And Bloomberg reports that the Biden administration is considering launching national security reviews into Musk’s Twitter and Starlink satellite Internet deals. Those reviews could end up blocking the Twitter deal after all, which many commenters think is exactly what Musk wants.

Twitter immediately sent out a staff memo denying any company-wide layoffs, according to Bloomberg. Musk seemingly isn’t talking about any of this on the record, but he did tweet to show how humorous he finds the situation.

US might bail Musk out by blocking Twitter deal over national security

Oct 21, 2022, 4:39pm UTC
https://arstechnica.com/tech-policy/2022/10/us-might-bail-musk-out-by-blocking-twitter-deal-over-national-security/ > After the richest man in the world, Elon Musk, decided he would move forward with his plan to buy Twitter for what experts say is nearly four times its current worth, even Twitter doubted that Musk actually meant to see the deal through. Now, as Musk remains under federal investigation for his merger conduct, The Washington Post reports that if Musk does take over Twitter, he plans to gut Twitter’s staff by 75 percent. And Bloomberg reports that the Biden administration is considering launching national security reviews into Musk’s Twitter and Starlink satellite Internet deals. Those reviews could end up blocking the Twitter deal after all, which many commenters think is exactly what Musk wants. > Twitter immediately sent out a staff memo denying any company-wide layoffs, according to Bloomberg. Musk seemingly isn’t talking about any of this on the record, but he did tweet to show how humorous he finds the situation.