House Republicans asks Twitter board to retain records, materials related to Elon Musk’s acquisition offer

A group of 18 Republicans have sent Twitter board members a letter asking it to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter.

The development potentially marks the laying of groundwork for a possible investigation.

“As Congress continues to examine Big Tech and how to best protect Americans’ free speech rights, this letter serves as a formal request that you preserve all records and materials relating to Musk’s offer to purchase Twitter, including Twitter’s consideration and response to this offer, and Twitter’s evaluation of its shareholder interests with respect to Musk’s offer,” reads the letter signed by Jim Jordan, the top Republican on the House Judiciary Committee, along with others on the committee.

The development suggests a potential probe into Twitter if Musk’s offer is rejected and if the Republicans manage to take back the House during the midterm elections this November.

The letter did not indicate that an investigation was forthcoming.

On Fox Business Jordan had said he was hopeful Musk would succeed in buying Twitter since social media platforms are “the public square today.”

Many Republicans have been critical of Twitter for banning former US President Donald Trump and many other notable conservatives.

Twitter had banned Trump’s account citing risk of further incitement of violence after the storming of the U.S. Capitol.

Earlier this week on Thursday, in a filing with U.S. regulators Musk had said he has lined up $46.5 billion in debt and equity financing to acquire Twitter and is considering taking his offer directly to shareholders.

Twitter is yet to respond to Musk’s offer and has adopted a “poison pill” to thwart him.

Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

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