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j4coh
42 days ago
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xAI has acquired X, xAI now valued at $80B
If it’s an all stock acquisition did it generate any liquidity?
Zigurd
42 days ago
[–]
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.
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