Elon Musk’s xAI startup swallows up X social network in surprise deal

“The combination values xAI at $80 billion and X at $33 billion,” Elon Musk said on Friday in a post on X. The value of X is $45 billion when including $12 billion of debt, he said, describing the purchase as an all-stock transaction.

from Business News in CNBCTV18, Business Latest News, Business News https://ift.tt/FVBQ1bC

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