alt Hacker NewsThere's an epic conflict of interest here with Musk owning most of both companies. And they're in entirely separate fields, there is no plausible synergy here to be gained.
Replies
jaccola • yesterday at 10:13 PM
Yeah but who can be hurt by this, these are both private companies? So whose interest is his "conflicting" with? I'm sure the shareholders will raise it with him and/or bring a lawsuit if they aren't happy (they probably are happy).
spullara • yesterday at 10:11 PM
he is literally going to launch datacenters into space to train ai so they are a little related
edit: these replies aren't going to age well
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spiderice • yesterday at 10:15 PM
Oh man, I sure hope he disclosed that
How can you have a conflict of interest if they're entirely separate fields? They have different interests, so where's the conflict?
You don't need synergies to justify a merger. They're often used as justification as in paying well above market price. But it has nothing to do with actual justification. You can just have a holding company of businesses