M&A Deal Summary

X Holdings Acquires X

On April 25, 2022, X Holdings acquired internet software and services company X for 44.0B USD

Acquisition Highlights
  • This is X Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is X Holdings’ largest (disclosed) transaction.
  • This is X Holdings’ 1st transaction in the United States.
  • This is X Holdings’ 1st transaction in Texas.
Investment Fate
  • X merged with another company in 2025 for 33.0B USD.

M&A Deal Summary

Date 2022-04-25
Target X
Sector Internet Software and Services
Buyer(s) X Holdings
Deal Type Going Private
Deal Value 44.0B USD
Advisor(s) Goldman Sachs
J.P. Morgan Securities
Allen & Company (Financial)

Target

X

Bastrop, Texas, United States
X's office in San Francisco, California.
X's office in San Francisco, California.
X is a real-time information network of connected users. At the heart of X are small bursts of information, media, and other content. X was established in 2006 and is based in Bastrop, Texas.

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Buyer(S) 1

Buyer

X Holdings

Austin, Texas, United States

Category Company
Founded 2022
Sector Diversified
DESCRIPTION

X Holdings is a holding company founded by Elon Musk. The Company was established 2022 and is headquartered in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-28 X

Bastrop, Texas, United States

X is a real-time information network of connected users. At the heart of X are small bursts of information, media, and other content. X was established in 2006 and is based in Bastrop, Texas.

Sell $33.0B