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“Elon Musk said on Friday (Saturday AEDT) that his #xAI has acquired X, the social media app formerly known as #Twitter, in an all-stock transaction for $US45 billion ($71.5 billion), including debt.

xAI and X’s futures are intertwined. Today, we officially take the step to combine the #data, #models, #compute, #distribution and #talent,” #Musk said in a post on X, adding that the combined company would be valued at $US80 billion.”

#business / #acquisitions / #CreativeAccounting <https://archive.md/in6TN> / <https://www.afr.com/technology/musk-s-xai-buys-social-media-platform-x-for-71-5b-20250329-p5lnh9> (paywall)