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Musk Forms 'X Holdings' After Hints at a Parent Company for Tesla, SpaceX – Bloomberg


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Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter Inc., potentially giving the billionaire a path to bring all of his business ventures under a single parent.
The new companies — each with a variation of the name “X Holdings” — were formed this week in Delaware, according to records filed with the state. Musk and his investing partners plan to put money into one of the entities to fund the purchase of Twitter shares in a tender offer, while a subsidiary would merge with the social-media firm, according to filings with the U.S Securities and Exchange Commission.


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Having worked on Entertainment, Technology, and Business for four years, Meenakshi finds solace in technology, and more so in covering it. She has worked with organizations like Hindustan Times and Bracecorp Publications (B2B publication). She loves to read novels, listen to music, and roam around places. She is the responsible person for our editorial lineup. You can reach Meenakshi at editor@thehoopsnews.com.