DigitalMusicNews
xAI has acquired X (formerly Twitter) in an all-stock transaction. Despite the multibillion-dollar deal, however, the social platform is still facing an infringement suit from almost 20 music publishers. Elon Musk unveiled the purchase in a post on the relevant social service. “The combination values xAI at $80 billion and X at $33 billion ($45B [……
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xAI Acquires X in Multibillion-Dollar Deal — But the Social Platform Is Still Grappling With Music Publishers’ Infringement Suit
Augustine Antes
16:20
xAI has acquired X (formerly Twitter) in an all-stock transaction. Despite the multibillion-dollar deal, however, the social platform is still facing an infringement suit from almost 20 music publishers. Elon Musk unveiled the purchase in a post on the relevant social service. “The combination values xAI at $80 billion and X at $33 billion ($45B
