Elon Musk’s xAI has acquired X (formerly Twitter) in an all-stock deal announced on March 28, 2025, valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt. The move aims to blend xAI’s AI innovations, like the Grok chatbot, with X’s platform to enhance user experiences and accelerate human progress, following Musk’s 2022 purchase of Twitter for $44 billion.
Tag: Valuation
A British court ruling on the J.P. Morgan and Viva Wallet dispute has both sides claiming victory. While Viva Wallet’s majority shareholders believe the ruling prevents J.P. Morgan from taking over without their consent, J.P. Morgan sees it as affirming their stance on the company’s valuation and their investment. The ongoing legal battle continues with several other lawsuits pending.
JP Morgan has filed two new lawsuits against Viva Wallet and its majority owner, Werealize, escalating a dispute over the valuation of the Greek fintech company.