Musk Forms ‘X Holdings’ After Hints at a Parent Company for Tesla, SpaceX – Bloomberg
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Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter Inc., potentially giving the billionaire a path to bring all of his business ventures under a single parent.
The new companies — each with a variation of the name “X Holdings” — were formed this week in Delaware, according to records filed with the state. Musk and his investing partners plan to put money into one of the entities to fund the purchase of Twitter shares in a tender offer, while a subsidiary would merge with the social-media firm, according to filings with the U.S Securities and Exchange Commission.
via Inferse.com https://www.inferse.com
May 12, 2022 at 06:13PM