Tech
EU probes Musk’s xAI buyout of X: Bloomberg News report
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Elon Musk’s $33 billion xAI acquisition of X has drawn fresh scrutiny from the European Union, as regulators evaluate potential fines under the Digital Services Act, Bloomberg News reported on Thursday.
The European Commission recently circulated fresh questions to X, probing the social media platform’s corporate structure following its acquisition by xAI, the report said citing people familiar with the matter.
Musk said in March the combination valued “xAI at $80 billion and X at $33 billion”.
Before its summer recess in August, the regulator…
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