republicans on the house judiciary committee this morning asked twitter to preserve all matters on elon musk s bid to buy the platform. he has secured more than $46 billion cash for his potential takeover. kelly o grady joins us from fox business. today she is live from l.a. the battle for twitter is gaining the attention of lawmakers on capitol hill. the gop house judiciary in the letter is arguing free speech is under attack by big tech. the letter warned quote decisions regarding twitter s future governance will be consciousall public discourse in the united states and renewed efforts to legislate. the request signals should republicans take back the majority of the house they may launch an investigation to twitter especially if the company declines musk s offer. he secured the capital to
finance the twitter buy out putting up $21 billion himself. the remaining would be loaned by a group of banks including a loan pegged to tesla shares. he is prepared to spend billions. others are pushing back. former president obama yesterday implored big tech to ramp up their content moderation. the first amendment is a check on the power of the state. it doesn t apply to private companies like facebook or twitter. with that power comes accountability. and in democracies like ours, at least, the need for some democratic oversight. gillian this tug-of-war over control of twitter is a battle for free speech and you have both sides of the political spectrum involved. gillian: thank you for joining us from l.a. on this friday. another one bites the dust.