>>510383738
it was a full stock deal, X stock got transformed into xAI stock at specific ratios depending on their respective market caps
I think it was something like
X valued at 45bil minus 12 bil in debt, so 33bil and xAI valued at 80 bil
so in total 113bil

if you owned 1% of X before the acquisition, you now owned about 0.29% of post-acquisiton xAI