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Elon Musk's xAI has purchased X

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Elon Musk announced on his social media company X that xAI, his artificial intelligence startup, had bought X in an all-stock transaction.
From Forbes
Some GOP lawmakers are quietly hoping Elon Musk will soon be out of the spotlight over fears that he’s damaging the party’s electoral chances, according to Politico.
From The Daily Beast

Read more on News Digest

The xAI-X Deal Is A $33 Billion Windfall For Elon Musk
The world’s richest person announced on Friday that he has combined two of his multi-billion-dollar companies. Here’s how much he stands to make from the highly unusual deal.
xAI Buys X in Blockbuster Deal. Elon Musk Found a Way to Win the Twitter Deal.
If you’re Elon Musk, you sell X to xAI. He did OK on the sale. In a Friday evening tweet on X, Elon Musk wrote that xAI had acquired X for $33 billion, or “$45 B less $12B debt.” In his tweet, Musk explained the rationale behind the deal.
When was xAI launched? Elon Musk sells X formerly known as Twitter, to his own firm for $33 billion in an all-stock deal
Elon Musk has sold his platform, X, to his own artificial intelligence company xAI, in an all-stock deal.The transaction was executed this Friday, and according to Baller Alert, it saw xAI's value clock in at $80 billion.
GOP Insiders Pray for Hugely Unpopular Elon Musk to ‘Exit Stage Left’
One Republican lawmaker is even hoping for an election “massacre” to show colleagues how much damage the billionaire is doing.
Even Trump may not be able to save Elon Musk from his old tweets
Elon Musk accused the Securities and Exchange Commission (SEC) of launching a purely politically motivated probe into his Twitter purchase. In a letter from his lawyer, Alex Spiro, Musk alleged that the SEC gave him 48 hours to accept a settlement or face fraud charges.
Elon Musk’s xAI Buys X — Here’s What That Means For You
Elon Musk's xAI has bought X, formerly Twitter, in a $33 billion deal. What does that mean for your privacy — and is it time to finally quit X?
Elon Musk Says xAI Has Purchased X, Formerly Known As Twitter, For $33 Billion
Musk, the owner of both companies, said the deal values the startup AI company at $80 billion and the social media platform at $33 billion.
Musk’s XAI deal offers unexpected win for X investors
Musk’s decision to merge the businesses is a win for X investors, who have endured more than two years of uncertainty since his takeover as advertisers and users abandoned the social network.
Elon Musk says xAI acquired X in $45 billion deal. Who owns xAI?
The acquisition was an all-stock transaction for $45 billion with the combined company now valued at $80 billion, according to Elon Musk.
Musk's xAI buys social media platform X for $45 billion
The billionaire's AI startup which kicked off in 2023, recently raised $6 billion from investors at a valuation of $40 billion, sources told Reuters.
Musk merges startup xAI and Twitter, betting on AI to revitalize social media
In a post on X, Musk stated, "The futures of xAI and X are interconnected. Today, we officially take the step to merge our data, models,
Elon Musk’s xAI buys social media platform X for $45B: ‘Futures are intertwined’
Elon Musk made a shock announcement Friday that his artificial intelligence venture xAI has acquired his X social media platform in an all-stock transaction for $45 billion – a billion more than the mogul paid for the site in 2022.
Musk’s xAI startup swallows up X social network in surprise deal
Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly
Elon Musk’s xAI Acquires X, Because of Course
Social platform X struggled after Elon Musk took over, but its fortunes improved dramatically after US President Donald Trump won reelection. Now it will be become part of Musk's AI startup xAI.
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
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