Twitter Completes Merger with X Corp, Ceases to Exist as an Independent Company

Share via:

According to a legal document filed by law firm Willkie Farr & Gallagher LLP, X Corp. is a privately held corporation that has X Holdings Corp. as its parent corporation, and no publicly traded corporation owns 10% or more of the stock of either X Corp. or X Holdings Corp. The document was signed by attorneys including Johnathan Patchen, Michael Gottlieb, Meryl Conant Governski, Kristin E. Bender, and Yuhan Alice Chi.

The case involves Laura Loomer suing Meta Platforms and Facebook, as well as their CEO Mark Zuckerberg; Twitter and former CEO Jack Dorsey; and Proctor and Gamble, for racketeering. The lawsuit was initially filed in the U.S. District Court for the Northern District of California San Francisco Division on May 2, 2022.

In a separate legal filing in the U.S. District Court for the Southern District of Florida Miami Division, Twitter’s attorney Joshua Webb amended the documents to show that “Twitter, Inc. has been merged into X Corp. and no longer exists.” The filing stated that X Corp. is a privately held corporation incorporated in Nevada, with its principal place of business in San Francisco, California, making it a citizen of Nevada and California.

The change in Twitter’s corporate structure is not publicly attributed to anyone, but Elon Musk, who has a history of using the letter “X” in his companies and products, including the name of his child and his companies SpaceX and Tesla Model X, cryptically tweeted “X” early Tuesday morning as reports of the change were trending on the platform.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

Popular

More Like this

Twitter Completes Merger with X Corp, Ceases to Exist as an Independent Company

According to a legal document filed by law firm Willkie Farr & Gallagher LLP, X Corp. is a privately held corporation that has X Holdings Corp. as its parent corporation, and no publicly traded corporation owns 10% or more of the stock of either X Corp. or X Holdings Corp. The document was signed by attorneys including Johnathan Patchen, Michael Gottlieb, Meryl Conant Governski, Kristin E. Bender, and Yuhan Alice Chi.

The case involves Laura Loomer suing Meta Platforms and Facebook, as well as their CEO Mark Zuckerberg; Twitter and former CEO Jack Dorsey; and Proctor and Gamble, for racketeering. The lawsuit was initially filed in the U.S. District Court for the Northern District of California San Francisco Division on May 2, 2022.

In a separate legal filing in the U.S. District Court for the Southern District of Florida Miami Division, Twitter’s attorney Joshua Webb amended the documents to show that “Twitter, Inc. has been merged into X Corp. and no longer exists.” The filing stated that X Corp. is a privately held corporation incorporated in Nevada, with its principal place of business in San Francisco, California, making it a citizen of Nevada and California.

The change in Twitter’s corporate structure is not publicly attributed to anyone, but Elon Musk, who has a history of using the letter “X” in his companies and products, including the name of his child and his companies SpaceX and Tesla Model X, cryptically tweeted “X” early Tuesday morning as reports of the change were trending on the platform.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Sarthak Luthra
Sarthak Luthra
Hey, there! I am the tech guy. I get things running around here and I post sometimes. ~ naam toh suna hi hoga, ab kaam bhi dekhlo :-)

More like this

Fund Of Funds For Startups Facilitated INR 18K Cr...

SUMMARY The government committed more than INR 10,500 Cr...

Number Of DPIIT-Recognised Startups Crosses 1.17 Lakh Mark

SUMMARY As per Economic Survey 2023-24, 13K Indian startups...

Paytm Shares Fall over 3% Intraday; Emkay Retains “Reduce’...

SUMMARY The decline in the stock's price comes after...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!