X, Elon Musk’s social media platform, has been acquired by xAI, his artificial intelligence company, in a deal worth $45 billion. Musk announced the all-stock deal on the app on Friday.
“The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt),” Musk posted.
He added the two companies futures are “intertwined,” and that the deal made sense for both sides.
“Today, we officially take the step to combine the data, models, compute,…
Article Source
https://www.thewrap.com/x-acquired-by-xai-elon-musk-45-billion/
