The purchase is one of the billionaire's first significant ventures after purchasing the social media platform for $44 billion in October.
According to a person familiar with the situation, Elon Musk's X Corp., the parent company of Twitter, has made its first acquisition: Laskie, a digital talent recruiting agency.
The sale, which was half stock and part cash, recently concluded, according to the individual, who asked to remain anonymous because they were discussing a private transaction. According to the company's website, the technology may "confirm mutual interest, set clear expectations, and give visibility into the hiring process."
The purchase is one of the billionaire's first significant ventures after purchasing the social media platform for $44 billion in October. Most of Musk's subsequent initiatives have decreased the service, from terminating many of its employees to lowering its server footprint.
Musk, who just named a CEO to boost the company's reputation among advertisers, has stated that he intends to transform Twitter into a "everything app" with a range of functions to draw new users, including financial services.
It is unknown how Musk intends to incorporate Laskie into his holding company. Its website stated on Monday that "the Laskie platform is no longer available." Chris Bakke, the company's creator, is a frequent tweeter of viral jokes and commentary on the tech world, with over 140,000 followers, including Musk.
The deal was first reported by Axios. Bloomberg Beta, a subsidiary of Bloomberg LP, is a shareholder in Laskie.