Elon Musk has created three holding companies in his attempt to buy Twitter | Businessinsider

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Elon Musk has created three holding companies in his attempt to buy Twitter

Elon Musk created three new holding companies according to SEC filings.They could also open the door to combining Musk's portfolio of companies under one parent company.Elon Musk created three separate holding companies on Wednesday as part of his bid to buy Twitter, according toThe companies are called X Holdings I, II, and III, and two filings to the SEC state that all the companies have been established to acquire or merge with Twitter,"directly or indirectly.

The creation of the holding companies also sets the stage for Musk to potentially coalesce his portfolio of companies including Tesla, SpaceX,

 

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