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The Latest Breaking News from CFIUS

TikTok security deal’s prospects are clouded by FBI’s doubts, state bans

WASHINGTON — The Biden administration is facing new roadblocks in its effort to address the national security concerns around TikTok after the FBI warned about the dangers of the Chinese-owned video-sharing app and five states banned it from employee phones.

Tribune News Service

EU raises prospect of big fine or ban if Twitter fails to follow new legislation

Elon Musk has been warned he has ‘huge work ahead’ to comply with the EU’s Digital Services Act

The Guardian - UK

The Empire Strikes Back, at Elon

Episode 431 of the Cyberlaw Podcast

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

The FBI alleges TikTok poses national security concerns

The FBI is concerned that the Chinese government could use TikTok to influence American users or control their devices. The company is working with the U.S. government towards a security agreement.

WEKU

Biden says Musk’s ties to other countries should be ‘looked at’ over national security concerns

Boss of Tesla, SpaceX and Twitter has financial and commercial links to China and Saudi Arabia among others

The Independent UK

Murphy urges security review of Saudi stake in Twitter - Roll Call

Sen. Murphy seeks a security review of a Saudi stake in Twitter, saying a foreign power could influence a government communications tool.

Roll Call

Interview: FCC commissioner says government should ban TikTok

It's the strongest language Carr has used to-date to urge action on TikTok.

Axios

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Elon Musk and Twitter's Saudi situation

Elon Musk's Twitter purchase is one to watch for any U.S. tech company that’s taken Saudi money.

Axios

White House denies talk of national security review of Elon Musk ventures

Report cites concerns over foreign investors funding Twitter takeover and increasingly strategic role in Ukraine of Starlink

The Guardian - UK

Biden tells foreign investment panel to screen deals for data, cyber risks

U.S. President Joe Biden on Thursday directed the committee that reviews foreign investment for national security risks to sharpen its focus on threats to sensitive data, cyber security and areas such as microelectronics and artificial intelligence.

Reuters

Biden order to sharpen foreign investment screening process

President Joe Biden is set to sign an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States

The Independent UK

Is This Podcast Sentient?

Episode 413 of the Cyberlaw Podcast

Reason

Gay dating app Grindr to float in $2.1bn deal

Company, which has 10.8 million monthly active users, aims to hire LGBTQ+ chief executive

The Guardian - UK

Gay dating app Grindr to go public in $2.1bn Spac deal

Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion (72 billion baht) and features Tiga Investments CEO Raymond Zage on both sides of the transaction.

Bangkok Post

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Benzinga

TuSimple Paves The Way For Its Truck Technology Commercialization

Key Takeaways: TuSimple announced that co-founder and CTO Hou Xiaodi will take over as the company’s chairman and CEO Company’s shares lost two-thirds of their value in the two days after the announcement, closing at a post-IPO low By Doug Young

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