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Saudi Arabia Owns Stake in Firm that Bought Democratic Party’s Campaign Tech
Key Excerpts from Article on Website of The Intercept
Posted: May 15th, 2023
https://theintercept.com/2023/04/23/saudi-arabia-democratic-...
The government of Saudi Arabia is an investor in the private company that owns a virtual monopoly on software that powers Democratic candidates — including management of the Democratic National Committee’s all-important voter list. Sanabil Investments, the company that manages Saudi Arabia’s sovereign wealth fund, recently published its first list of investments. The list includes two private equity firms involved two years ago in the sale and acquisition of EveryAction and NGP VAN, the companies that make up the Democratic Party’s campaign tech apparatus. Federal regulations are designed to stop sovereign wealth funds from interfering in domestic politics. If a particular investment includes a national security risk, federal regulators can force the transaction to be undone through the Committee on Foreign Investment in the United States under the Department of the Treasury. Most of that risk is typically mitigated because sovereign wealth funds tend to be invested in companies through intermediaries. Investment in a company that deals with data related to voting and politics could be of potential concern to the Committee on Foreign Investment, even if the investor has no real influence over relevant data. The Sanabil investment doesn’t mean the Saudi government has an interest in the functions of the companies. Instead, said progressive strategist Gabe Tobias, the disclosure is a further indication that the fate of EveryAction and NGP VAN is not a priority for their owners.
Note: For more along these lines, see concise summaries of deeply revealing news articles on elections corruption from reliable major media sources.
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