WASHINGTON: Representative Jim Jordan, the top Republican on the US House of Representatives Judiciary Committee, sent a letter to the chair of the Federal Trade Commission on Wednesday requesting that the agency preserve records related to Elon Musk's pending acquisition of Twitter Inc.Jordan expressed concern about statements by the Open Markets Institute, which he called"an extreme left-wing political advocacy organization," and its call for the FTC to stop the deal.
FTC Chair Lina Khan was legal director from 2017-2018 at the OMI, which describes itself on its website as working"to address threats to our democracy, individual liberties, and our national security from today’s unprecedented levels of corporate concentration and monopoly power." The OMI issued a statement last month on how it said the government could block the purchase of Twitter.
The FTC is reportedly investigating Musk's initial purchase of a 9 per cent stake in Twitter, probing whether he complied with an antitrust reporting requirement when he acquired the shares in early April.
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