EU says it is probing corporate structure of Musk’s X months after xAI deal

June 20, 2025

, By The Economic Times

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The European Union said on Thursday it was seeking more information from Elon Musk’s X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal.

“We are following closely changes in the corporate structure of X, as we would changes in any other designated platform,” a spokesperson for the European Commission, the EU’s executive arm, said.

However, the spokesperson did not confirm an earlier report from Bloomberg News that said regulators were evaluating potential fines on X under the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-services-act”…

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EU says it is probing corporate structure of Musk’s X months after xAI deal

June 20, 2025

, Published By The Economic Times

The European Union said on Thursday it was seeking more information from Elon Musk’s X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal.

“We are following closely changes in the corporate structure of X, as we would changes in any other designated platform,” a spokesperson for the European Commission, the EU’s executive arm, said.

However, the spokesperson did not confirm an earlier report from Bloomberg News that said regulators were evaluating potential fines on X under the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-services-act”…

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.

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Previous News

An EV revolution is happening in the heart of OPEC

Next News

Myntra Expands Quick Delivery Service M-Now To Delhi NCR & Mumbai

The Economic Times

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