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M&A Deal Summary

xAI Acquires X

On March 28, 2025, xAI acquired internet software and services company X from X Holdings for 33.0B USD

Acquisition Highlights
  • This is xAI’s 2nd transaction in the Internet Software and Services sector.
  • This is xAI’s largest (disclosed) transaction.
  • This is xAI’s 2nd transaction in the United States.
  • This is xAI’s 1st transaction in Texas.

M&A Deal Summary
Date 2025-03-28
Target X
Sector Internet Software and Services
Buyer(s) xAI
Sellers(s) X Holdings
Deal Type Merger
Deal Value 33.0B USD

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

xAI

Palo Alto, California, United States
Category Company
Founded 2023
Sector Internet Software and Services
DESCRIPTION

xAI is an artificial intelligence company focused on processing and analyzing large data sets including data, images and other collections of knowledge. The Company was formed in 2023 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2025) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-17 Hotshot

New York, New York, United States

Hotshot is a company focused on developing AI-powered video generation tools. Hotshot was formed in 2017 and is based in New York, New York.

Buy -

Seller(S) 1

SELLER

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) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-25 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.

Buy $44.0B
Mergr

Product

Company

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