The Treasury Department is looking to open a legal investigation into the purchase - due to the involvement of foreign govts and investors. (The Washington Post, quoting sources)
The Tesla founder’s buyout of the social media firm is likely to give foreign investors access to confidential information about its finances - and users.
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Treasury staff handling foreign investment have not yet determined if the deal could trigger a national security review, since Musk is a US national.
CFIUS reviews are generally used to probe overseas ownership of firms, but a 2018 amendment allows them to investigate partial stakes in exceptional cases - especially those involving sensitive personal information.
