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TechFlow news, on March 29, Elon Musk tweeted on X platform that xAI has acquired X in an all-stock transaction, and the merged entity will operate under XAI Holdings.
He revealed that following the merger, xAI's valuation stands at $80 billion, while X is valued at $33 billion (calculated as $45 billion minus $12 billion in debt).
According to Elon Musk's post on X, xAI has acquired X in an all-stock transaction, with the merged entity unified under XAI Holdings. He revealed that the post-merger valuation of xAI is $80 billion, and X is valued at $33 billion (i.e., $45 billion minus $12 billion in debt).
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