X, the social media site formerly known as Twitter, is changing its address but staying within Elon Musk‘s corporate portfolio.
In a post on X, Musk said his artificial intelligence firm xAI acquired X in an all-stock deal valuing the platform at $45 billion, minus $12 billion in debt. The valuation of X ($33 billion) and xAI ($80 billion) create a merged entity worth $113 billion, according to Musk.
Musk bought Twitter in 2022 for $44 billion, with his proposal to acquire the…
Article Source
https://deadline.com/2025/03/elon-musk-ai-company-acquires-x-45-billion-1236353732/
