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Announced

18 Mar 2025

Completed

18 Mar 2025

xAI Corp completed the acquisition of Hotshot for $50m.

Synopsis

xAI Corp, an American public-benefit corporation working in the area of artificial intelligence, completed the acquisition of Hotshot, a startup specializing in AI-powered video generation tools, for $50m.

Principals

target

HOTSHOT

bidder

Xai Corp

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Market Context

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Seller Team (11)

adam zhang

Associate at Latham & Watkins

Lawyer

target

Deal

£ 39 M

Total Value

sandra benjamin

Counsel at Latham & Watkins

Lawyer

target

Deals

£ 4.53 B

Total Value

sahar merchant

Associate at Latham & Watkins

Lawyer

target

Deals

£ 3.70 B

Total Value

josh friedman

Partner at Latham & Watkins

Lawyer

target

Deals

£ 12.70 B

Total Value

robert blamires

‎Partner at Latham & Watkins

Lawyer

target

Deals

£ 150.11 B

Total Value

peyton worley

Partner at Latham & Watkins

Lawyer

target

Deals

£ 2.17 B

Total Value

ed grigoryan

Associate at Latham & Watkins

Lawyer

target

Deals

£ 7.87 B

Total Value

saem kim

Associate at Latham & Watkins

Lawyer

target

Deals

£ 509 M

Total Value

andrea a. ramezan-jackson

Partner at Latham & Watkins

Lawyer

target

Deals

£ 20.86 B

Total Value

matthew snyder

Associate at Latham & Watkins

Lawyer

target

Deals

£ 1.24 B

Total Value

kiara e. vaughn

Associate at Latham & Watkins

Lawyer

target

Deals

£ 37.69 B

Total Value

Bidder Team (1)

elon musk

Executive Chairman at XAI CORP

Manager

bidder

Deals

£ 122.90 B

Total Value

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