Elon Musk's X and xAI all-stock merger broke Wall Street's usual rules, with the same advisers, Morgan Stanley and Sullivan & Cromwell, working on both sides (Wall Street Journal)
https://www.wsj.com/business/deals/elon-musks-megadeal-between-x-and-xai-breaks-wall-streets-rulebook-191b2706?st=6qUe5s&reflink=desktopwebshare_permalink
http://www.techmeme.com/250402/p12#a250402p12