<p>Elon Musk's social media company X is in talks to raise money from investors at a $44 billion valuation, <em>Bloomberg News</em> reported on Wednesday, citing people familiar with the matter.</p><p><a href="https://www.deccanherald.com/tags/elon-musk">Musk </a>bought X, formerly known as Twitter, for the same price in 2022.</p><p>Talks for the new financing round are still ongoing and the details could change, the report said, adding that the company could also abandon the talks.</p><p>X did not immediately respond to <em>Reuters'</em> request for comment.</p><p>Last month, <em>Reuters</em> reported that Morgan Stanley, Bank of America and Barclays were getting ready to sell up to $3 billion of debt holdings in X.</p>
<p>Elon Musk's social media company X is in talks to raise money from investors at a $44 billion valuation, <em>Bloomberg News</em> reported on Wednesday, citing people familiar with the matter.</p><p><a href="https://www.deccanherald.com/tags/elon-musk">Musk </a>bought X, formerly known as Twitter, for the same price in 2022.</p><p>Talks for the new financing round are still ongoing and the details could change, the report said, adding that the company could also abandon the talks.</p><p>X did not immediately respond to <em>Reuters'</em> request for comment.</p><p>Last month, <em>Reuters</em> reported that Morgan Stanley, Bank of America and Barclays were getting ready to sell up to $3 billion of debt holdings in X.</p>