M&A Deal Summary

X Holdings Acquires Twitter

On April 25, 2022, X Holdings acquired internet software and services company Twitter 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 California.

M&A Deal Summary

Date 2022-04-25
Target Twitter
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

Twitter

San Francisco, California, United States
website
Twitter's corporate headquarters in San Francisco, California.
Twitter's corporate headquarters in San Francisco, California.
Twitter is a real-time information network of connected users. At the heart of Twitter are small bursts of information called Tweets. Tweets are text-based posts of up to 140 characters displayed on a user's profile page. Twitter was established in 2006 and is based in San Francisco, California.

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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) 1 of 1
Type (Going Private) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1