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White House declines comment on Musk Twitter takeover attempt

White House declines comment on Musk Twitter takeover attempt
White House declines comment on Musk Twitter takeover attempt   -   Copyright  Thomson Reuters 2022
By Reuters

ABOARDAIRFORCEONE – The White House on Thursday declined to comment on billionaire entrepreneur Elon Musk’s $43 billion cash takeover offer for Twitter Inc, saying market regulators operate independently from political leadership.

“This is an offer by a private investor, and we don’t have any comment here,” said White House spokesperson Karine Jean-Pierre, referencing the U.S. Securities and Exchange Commission (SEC).

“The SEC is independent and would handle any review processes if this moves forward.”