Twitter “no longer exists” as a company, merges into Musk’s X Corp
by Ashley Belanger from Ars Technica - All content on (#6APJG)
Enlarge (credit: Justin Sullivan / Staff | Getty Images North America)
Last month, Twitter CEO Elon Musk told employees that they'd be eligible to receive stocks in X Corporation-the new name for the holding company that he initially set up to purchase Twitter-telling them that soon Twitter could be worth $250 billion. More recently, an April court filing shows that Twitter, Inc. has officially merged with X Corp, achieving Musk's goal of wiping out Twitter Inc. as a company. The court filing confirmed that Twitter, Inc. no longer exists." Now, there is only X Corp.
X," Musk cryptically tweeted after the news of the merger broke.
Musk's lawyer, Jonathan Patchen, didn't immediately respond to Ars' request for comment.