Elon Musk has officially announced the sale of X in an “all-stock transaction” — but not to a competitor. Instead, the website formally known as Twitter has been acquired by Musk’s very own AI venture, xAI.
A $33 billion sale, this move combines two of the largest companies in Musk’s growing portfolio. Musk originally bought Twitter in 2022 for a total of $44 billion.
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