A man gives a PowerPoint presentation to an airline and asks about his lost bags, which they track using AirTags.

Elon Musk Three companies registered in Delaware as “X Holdings” to support the takeover bid Twitter take it Social media special giant.

according to deposit with the Securities and Exchange Commission On Wednesday, X Holdings I will be the parent company overseeing a potential transaction, while X Holdings II will be merged with Twitter and used to purchase its existing common stock. AN Separate deposit with SEC He adds that X Holdings III will be used to help fund the deal.

Home Republicans call on Twitter to keep files of Elon Musk’s public performances

musk Consider whether to launch a buy offer To get all of Twitter’s outstanding common stock, citing no response from the board of directors Offer $54.20 per share.

Musk says he has received pledges of about $46.5 billion to help fund a potential deal, including about $21 billion in equity financing and about $25.5 billion in debt financing through Morgan Stanley Big Finance and other companies including Bank of America, Mizuho Bank and Barclays, MUFG, Société Générale, and BNP Paribas.

Twitter told FOX Business Thursday that it had received Musk’s updated, non-binding proposal, adding that it was “committed to a careful, thorough, and considered review to determine a course of action that it believes is in the best interests of the company and everyone”. From a Twitter contributor.

Twitter’s reaction to ELON MUSK only proves that change is needed

The musk that has 9.2% of the capital On Twitter, he was highly critical of the platform and its CEO, Parag Agrawal, and recently questioned whether the company adheres strictly to the principles of freedom of expression.

Although musk was in the beginning Invited to join the Twitter forumLater offer rejected. As part of joining the board of directors, Musk was unable to own more than 14.9% of Twitter’s shares while he was on the board or for 90 days thereafter. Musk’s term on the board was to end at Twitter’s annual meeting in 2024.

After announcing Musk’s $43 billion bid, Twitter adopted a limited-time shareholder equity plan, known as poison pill, to prevent it or any other entity or group from acquiring beneficial ownership of 15% or more of Twitter’s existing common stock in a transaction not approved by the Board of Directors. The plan will expire on April 14, 2023.

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It is unclear if X Holdings can also be used to combine Musk’s other companies, SpaceXAnd you thereNeuralink and boring company.

In 2012, musk express interest in creating a holding company that owns shares in both Tesla and SpaceX. In 2020, Tesla investor Dave Lee He proposed to create a holding company called XWhich Musk said was a “good idea”. also musk The domain is owned by X.comOnline payment company merged with PayPal.

caught recently Tell Chris Anderson from TED That it would be “difficult” to combine everything into one company.

“Telsa is a public company, and the investor base for Tesla, SpaceX and certainly The Boring Company and Neuralink is very different,” Musk explained. “It’s not easy to combine these things.”