New York Post By Theo Wayt 4/22/2022
Elon Musk may be laying the groundwork to combine Tesla, SpaceX and Twitter into a new super company.
As the world’s richest man continues his crusade to take over Twitter, Musk registered three new companies on Tuesday in the tax-friendly state of Delaware under variations of the name “X Holdings.”
The three new companies appear to be financial maneuvering as part of Musk’s Twitter bid.
The first company, X Holdings I Inc., lists Musk as president, treasurer and secretary and would be the parent company of Twitter if the billionaire’s bid succeeds, according to Bloomberg, which first spotted the fillings.
Another entity, X Holdings II Inc., would merge with Twitter as part of the acquisition, while X Holdings III LLC would be used to help fund the transaction, the outlet reported.
More:
https://nypost.com/2022/04/22/x-holdings/
