{"id":1449892,"date":"2022-04-22T08:41:46","date_gmt":"2022-04-22T12:41:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1449892"},"modified":"2022-04-22T09:05:38","modified_gmt":"2022-04-22T13:05:38","slug":"elon-musk-creates-three-holding-companies-to-buy-twitter","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-creates-three-holding-companies-to-buy-twitter\/","title":{"rendered":"Elon Musk Creates Three Holding Companies to Buy Twitter"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-creates-three-holding-companies-to-buy-twitter%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1449892&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><figure class=\"figure image-figure-image\" data-type=\"img\" data-e2e-name=\"image-figure-image\" data-media-container=\"image\">\n<div class=\"aspect-ratio\"><\/div>\n<p><a class=\"image-source-link not-content-link\" href=\"https:\/\/www.gettyimages.com\/detail\/news-photo\/entrepreneur-and-business-magnate-elon-musk-gestures-during-news-photo\/1234651136?adppopup=true\">Patrick Pleul\/Pool\/AFP via Getty Images<\/a><\/figure>\n<div>\n<section class=\"post-content typography\" data-track-content=\"\" data-post-type=\"post\">\n<div id=\"piano-inline-content-wrapper\" data-piano-inline-content-wrapper=\"\">\n<div data-component-type=\"content-lock\" data-load-strategy=\"exclude\">\n<div class=\"content-lock-content\">\n<ul class=\"summary-list summary-list-variant\">\n<li>Elon Musk created three new holding companies according to SEC filings.<\/li>\n<li>The filings show the companies are part of his plan to buy Twitter.<\/li>\n<li>They could also open the door to combining Musk&#8217;s portfolio of companies under one parent company.<\/li>\n<\/ul>\n<div id=\"formContainer\" class=\"inline-newsletter-signup headline-regular loading\" data-component-type=\"inline-newsletter-module\" data-event-label=\"10_things_tech\" data-list=\"10 Things In Tech You Need To Know\" data-acq-source=\"techverticalinline\"><\/div>\n<p>Elon Musk created three separate holding companies on Wednesday as part of his bid to buy Twitter, according to <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922048128\/tm2213229d1_ex99-e.htm\" data-analytics-module=\"body_link\">documents<\/a> filed with the Securities and Exchange Commission.<\/p>\n<p>The companies are called X Holdings I, II, and III, and two filings to the SEC state that all the companies have been established to acquire or merge with Twitter, &#8220;directly or indirectly.&#8221; The filings all referred to the plan as &#8220;Project X.&#8221;<\/p>\n<p>Musk offered to <a href=\"https:\/\/www.businessinsider.com\/elon-musk-offers-buy-twitter-outright-2022-4?r=US&#038;IR=T\" data-analytics-module=\"body_link\">buy Twitter&#8217;s outstanding stock at $54.20 per share<\/a> last week, valuing the company at roughly $43 billion.<\/p>\n<p>Musk said Thursday he has <a href=\"https:\/\/www.businessinsider.com\/elon-musk-secured-financing-commitments-banks-twitter-tender-offer-2022-4?r=US&#038;IR=T\" data-analytics-module=\"body_link\">secured $46.5 billion in financing<\/a>\u00a0commitments for his desired takeover of Twitter.<\/p>\n<div class=\"in-post-sticky only-mobile\">\n<div id=\"gpt-post-sai-mobile_in_post_ad-fluid-2\" class=\"ad ad-wrapper fluid in-post only-mobile\" data-bi-ad=\"\" data-force=\"\" data-type=\"ad\" data-adunit=\"business\/tech\/post\" data-secvert=\"news\" data-pagetype=\"post\" data-tag=\"elon-musk,twitter,holding-companies,x,tesla,spacex,boring-company,neuralink\" data-authors=\"isobel-asher-hamilton\" data-region=\"Mobile In Post Ad\" data-responsive=\"[{\"><\/div>\n<\/div>\n<div class=\"in-post-sticky only-desktop\">\n<div id=\"gpt-post-sai-desktop_in_post_ad-fluid-2\" class=\"ad ad-wrapper fluid in-post only-desktop\" data-bi-ad=\"\" data-force=\"\" data-type=\"ad\" data-adunit=\"business\/tech\/post\" data-secvert=\"news\" data-pagetype=\"post\" data-tag=\"elon-musk,twitter,holding-companies,x,tesla,spacex,boring-company,neuralink\" data-authors=\"isobel-asher-hamilton\" data-region=\"Desktop In Post Ad\" data-responsive=\"[{\"><\/div>\n<\/div>\n<p>Twitter&#8217;s board has resisted Musk&#8217;s proposed takeover, devising a <a href=\"https:\/\/www.businessinsider.com\/twitter-confirms-poison-pill-against-elon-musk-more-bidders-emerge-2022-4?r=US&#038;IR=T\" data-analytics-module=\"body_link\">&#8220;poison pill&#8221; defense<\/a> which the board said would &#8220;protect stockholders from coercive or otherwise unfair takeover tactics.&#8221;<\/p>\n<p>The creation of the holding companies also sets the stage for Musk to potentially coalesce his portfolio of companies including Tesla, SpaceX, <a href=\"https:\/\/www.businessinsider.com\/elon-musk-boring-company-north-miami-beach-loop-proposal-tesla-2022-2?r=US&#038;IR=T\" data-analytics-module=\"body_link\">The Boring Company<\/a>, and <a href=\"https:\/\/www.businessinsider.com\/neuralink-elon-musk-microchips-brains-ai-2021-2\" data-analytics-module=\"body_link\">Neuralink<\/a> under one parent company.<\/p>\n<p>Musk expressed enthusiasm for the idea of bringing his companies under one parent company named &#8220;X&#8221; in a <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1341801143631028225?ref_src=twsrc%5Etfw\" data-analytics-module=\"body_link\">2020 tweet<\/a>, although in a recent TED Conference <a href=\"https:\/\/youtu.be\/YRvf00NooN8?t=3336\" data-analytics-module=\"body_link\">interview<\/a> he said it would be &#8220;tricky.&#8221;<\/p>\n<p>&#8220;Tesla is a publicly traded company and the investor base of Tesla and SpaceX, and certainly Boring Company and Neuralink, are quite different,&#8221; Musk said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk.  Patrick Pleul\/Pool\/AFP via Getty Images      Elon Musk created<\/p>\n","protected":false},"author":498,"featured_media":1449913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1449892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1449892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1449892"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1449892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1449913"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1449892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1449892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1449892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}