On the #xAI purchase of #X (#Twitter)

Because both companies are privately held & controlled by #Musk, the transaction likely amounts to a #stock swap, with X investors getting paid out in xAI shares. The companies have a number of mutual investors, including venture firms #AndreessenHorowitz & #SequoiaCapital, as well as #Fidelity Management, #VyCapital & #SaudiArabia’s Kingdom Holding Co.

#law #securities #SEC
https://www.cnbc.com/2025/03/28/elon-musk-says-xai-has-acquired-x-in-deal-that-values-social-media-site-at-33-billion.html

@Npars01 @mike

#X #Legal #InvestorsUnsealed

(3/n)

...#LarryEllison, the #Oracle founder and one of the richest people in the world, along with #SeanCombs Capital (yup). There’s #VyCapital, the #UAE-based venture capital firm, and something called #QTetris Holdings LLC, whose directors seem to be part of the #Qatari government. #Binance, the global crypto giant which recently paid a $4.3 billion fine to the #US government for facilitating money laundering by terrorist groups...