Twitter will merge with Musk's new company "X Corp."

According to ChainCatcher news, Bloomberg reported that in a document submitted to a California court on April 4, Twitter has merged with a new company called X Corp. and is no longer an independent company.

According to state filings, X Corp. was established in Nevada on March 9, and its merger with Twitter was submitted on March 15. Musk is the president of the company and its parent company X Holdings Corp., with an authorized capital of $2 million.

Since Musk's acquisition of the company for $44 billion last year, Twitter has undergone a comprehensive reform. Musk has stated that acquiring Twitter would be the "catalyst" for creating X. (Bloomberg)