Redditsux@lemmy.world to World News@lemmy.worldEnglish · 1 month agoElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comexternal-linkmessage-square95fedilinkarrow-up1476arrow-down17cross-posted to: technology@lemmy.world
arrow-up1469arrow-down1external-linkElon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.comRedditsux@lemmy.world to World News@lemmy.worldEnglish · 1 month agomessage-square95fedilinkcross-posted to: technology@lemmy.world
minus-squareviking@infosec.publinkfedilinkEnglisharrow-up10·1 month agoThe investors have a seat in the board of directors in xAI, and for a shareholder deal you must have board approval. So at least more than 50% of the directors support this, meanings he is legally in the clear.
The investors have a seat in the board of directors in xAI, and for a shareholder deal you must have board approval. So at least more than 50% of the directors support this, meanings he is legally in the clear.