4 ms·
How do you know that the shareholders of X did not have a voice in acquisition by xAI?
by arandomusername 2y ago
How do you know that the shareholders of X did not have a voice in acquisition by xAI?
- lambda 2y agoIn this article: https://www.reuters.com/markets/deals/musks-xai-buys-social-media-platform-x-45-billion-2025-03-28/ https://www.reuters.com/markets/deals/musks-xai-buys-social-... "Musk did not ask investors for approval but told them that the two companies had been collaborating closely and the deal would drive deeper integration with Grok, the investor said." Now, he may have only been talking about xAI investors here, but it seems pretty clear from his actions that Musk pretty much demands full control of his companies, and if he does involve the other investor's they're likely rubber-stamping without much opportunity to push back.
- arandomusername 1y agohuh, didnt know, thats pretty crazy