{
Kingdom Holding Company

Companies

}
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001122334455554433221100

Elon Musk merges Twitter with xAI in surprising self-acquisition deal

Elon Musk has once again acquired Twitter, merging it with his AI company, xAI, in a deal valued at $44 billion, despite the platform's declining worth. This transaction, likely a stock swap, aims to combine xAI's AI capabilities with Twitter's extensive reach, raising concerns about potential mass disinformation. Musk stated that the merger would unlock significant potential by integrating their resources and expertise.
Boing Boing
Kingdom Holding Company Arazul Sequoia Capital FIM C Priv Elon Musk
Business & Industry, Blog Post
13:14 31.03.2025
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