Elon Musk’s xAI firm merged with X-Twitter, paying $33bn to buy it. As both cos. are private and controlled by Musk, transaction is likely a stock swap, with X investors getting paid out in xAI shares. This must have been done to protect X investors. www.cnbc.com/2025/03/28/e... - ThreadSky | a Reddit-style client for Bluesky

nitajk.bsky.social • 16 days ago

Elon Musk’s xAI firm merged with X-Twitter, paying $33bn to buy it. As both cos. are private and controlled by Musk, transaction is likely a stock swap, with X investors getting paid out in xAI shares. This must have been done to protect X investors.
https://www.cnbc.com/2025/03/28/elon-musk-says-xai-has-acquired-x-in-deal-that-values-social-media-site-at-33-billion.html

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