And all the birds will disappear.
More recently, a court filing from April 4that Twitter has been merged into X Corp and is owned by X Holdings Corp. The change was reportedly in the works since April 2022, when Musk made his $44 billion offer for Twitter.
Back then, Musk registered X Holdings I, II, and III in the state of Delaware to acquire the social media platform. X Holdings II was to merge with Twitter, while III would take on the loan to finance the purchase and Holdings I would give Musk the ownership control over the entity. Since then the billionaire has also said time and time again that Twitter could be at risk of filing for bankruptcy as the platform still has a negative cash flow due to a 50 percent drop in advertising revenue and heavy debt loads.
France Dernières Nouvelles, France Actualités
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