Elon Musk is a famous business mogul. He is renowned for his role as the founder of SpaceX, Tesla Inc., and several other companies. But he has also acquired several other companies, including X (Twitter.) Recently, there was a viral video making rounds on social media in which he allegedly bought Google. So, did Elon Musk buy Google, or is it a rumour?
A business taking over another business is a common occurrence in the corporate world. It is a strategic move for companies aiming to grow, diversify, or gain a competitive edge. Acquisitions range from huge multinational arrangements to smaller regional deals.
Who owns Google?
Did Elon Musk create Google? No, the company was founded in 1998 by Sergey Brin and Larry Page. However, there have been some changes in its ownership.
The company is currently owned by Alphabet Inc. Alphabet Inc was created through a restructuring of Google in October 2015, and it became the parent company of Google and its subsidiaries. Sergey Brin and Larry Page are the board members of Alphabet Inc. and are the controlling shareholders and owners of Google.
There are several other institutional investors who own a stake in the company. They include Vanguard Group, BlackRock, and T. Rowe Price associates. Sundar Pichai is currently serving as the CEO of both Google LLC and Alphabet Inc.
Did Elon Musk buy Google?
Recently, a viral YouTube video alleging that Elon Musk had bought Google has been making rounds on social media. In the video titled Elon Musk: I Officially Bought Google, Elon was seen shaking hands with Sundar Pichai.
If you have watched the video, you must be curious whether this is true or just a hoax. Well, Elon did not buy Google, as rumoured. He does not even have plans to buy the company in the near future.
Even if he contemplates purchasing the company in the future, it is implausible that he will raise the funds. Google is currently valued at $1.7 trillion, while Elon Musk’s net worth is estimated at $192 billion.
Did Elon Musk buy YouTube?
The YouTube video making rounds on social media has triggered the rumour that Elon Musk has also bought YouTube. YouTube has not been sold to anyone, and it does not appear to be up for sale. It is still owned by Google and its parent company, Alphabet Inc.
Elon owns a YouTube channel titled Elon Musk Zone. The channel has amassed more than 900K followers. But he has not announced his plans to buy YouTube.
What businesses does Elon Musk own?
Elon boasts of several businesses under his investment portfolio. He is famous for his role as the founder of Tesla Inc. This is a company that specializes in the manufacture of smart electric cars. He also owns two satellite internet companies, Starlink and SpaceX, which provide reliable internet to rural areas.
Musk is also the owner of The Boring Company. This is a company that specializes in tunnel construction. He is also the co-founder of Neuralink, which focuses on connecting the human brain to computers. In October 2022, he finalized his deal to acquire Twitter for $44 billion.
He is currently serving as the CEO of X (Twitter). But, he plans to step down from the position when he finds someone to take up the job.
Wrapping up
So, did Elon Musk buy Google? The answer to this question is a resounding No. When you compare the value of Google with Elon Musk’s net worth, it is highly unlikely that he can afford to buy the company. Moreover, there is no sufficient evidence to support the claim that he is planning to buy the company.
Tuko.co.ke published an article on who owns Kidz Bop. Kidz Bop is a kid’s music group that produces family-friendly covers of popular pop songs. It is made of young and gifted male and female performers aged between nine and 12 years who effortlessly connect with kids and families through music videos.
Its fame and success have many curious to know who owns the group. The music group was established in 2001 by Razor and Tie co-founders Craig Balsam and Cliff Chenfeld. Besides music covers, the group has grown to include merchandise, music videos, live touring, and talent competitions. Read this post to learn more about Kidz Bop.
