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House Republicans call on Twitter’s board to keep records related to Musk’s bid

WASHINGTON, April 22 (Reuters) – A group of 18 U.S. House Republicans on Friday sent Twitter (TWTR.N) board members a letter asking them to keep all papers and documents related to Twitter’s takeover bid from Tesla CEO Elon Musk lays the groundwork for a possible investigation.

“As Congress continues to consider Big Tech and how best to protect Americans’ free speech rights, this letter serves as a formal request for the preservation of all records and documents relating to Musk’s bid. to buy Twitter, including Twitter’s consideration of and response to that offer, and Twitter’s assessment of its shareholders’ interests with respect to Musk’s offer,” reads the letter signed by the committee’s top Republican. House judiciary, Jim Jordan, and other members of the committee.

The order to save the records strongly suggests Jordan plans to probe Twitter if Musk’s bid is rejected and Republicans retake the House in November’s midterm elections. The letter did not indicate that an investigation was imminent.

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Jordan recently told Fox Business that he hopes Musk will succeed in buying Twitter because social media platforms are “the public square today.”

Jordan and other Republicans have criticized Twitter for banning former President Donald Trump and other notable conservatives.

Twitter has banned Trump’s account over the risk of further incitement to violence after the storming of the US Capitol.

The letter, which was also signed by top Republicans on the judiciary subcommittees, said “Twitter’s board reactions to Elon Musk’s offer to buy Twitter and outside opposition to the role of Musk in the future of Twitter are concerning”.

Musk said Thursday he had lined up $46.5 billion in debt and equity financing to buy Twitter and was considering taking his offer directly to shareholders, according to a filing with U.S. regulators.

Twitter did not respond to his offer and adopted a “poison pill” to thwart it. Twitter declined to comment on the letter on Friday.

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Reporting by David Shepardson and Diane Bartz; Editing by Chizu Nomiyama and Mark Porter

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