News for hackers. Stuff that matters.

A comment on xAI has acquired X, xAI now valued at $80B. Parent comment

Re:xAI has acquired X, xAI now valued at $80B by j4coh on Saturday March 29, 2025 @10:43AM (#43515963)
If it’s an all stock acquisition did it generate any liquidity?
[ Parent | on HN ]
Re:xAI has acquired X, xAI now valued at $80B by Zigurd on Saturday March 29, 2025 @03:38PM (#43518010)
Sort of: it put Twitter's LBO debt on X.ai's books. I strongly suspect Elon had been lending X money to cover interest payments. Both X.ai and X are privately held, so specifics will be hard to come by.
[ Parent | on HN ]