Musk ‘super fan’ eyes Texas shift for $110 billion MercadoLibre
Mercadolibre Inc. , The most valuable company in Latin America, contributors to approve a plan to transfer its home to Texas from Delaware, amid a wave of companies that reconsider the old companies of companies after a general dispute between Judge and Elon Musk.
“Aziz” is scheduled to vote among the elements of the Mercadolibre shareholders during its annual meeting on June 17, according to a report earlier this month.
Mercadolibre, an electronic trade and Toris Venins with $ 21 billion in revenue last year, is working in Latin America with the only center of loyalty in Texas, which was mostly opened to send goods to Mexico. While its headquarters in Montevideo, Uruguay, Dilayer has been its legal title and the foundation place since 1999.
“This possible change aims to unify our presence in the United States, after the opening of the first distribution center in Texas,” Mercadolber spokesman said in a statement. “This change will not have any effect on our operations or growth plans.”
Musk, the richest man in the world, had a public spit with Dilayer and the laws of companies after the judge dropped the huge payment package Tesla Inc. This motivated a decision to transfer his companies to Texas and Nevada.
Marcadolibre, the co -founder of the founder and CEO of MERCADOLIBRNo. He is a City of Argentine, Galberin supports president Javier Millie, who is pushing for less supervision, personal freedom of individuals and the least red tape of companies.
Galperin, 53, witnessed a net value of 23 % this year to 9.8 billion dollars, according to the Bloomberg billionaires.
“Less predictable”
Mercadolber said in the deposit that he had no operations in Delaware and that the state was chosen only because of its legal framework, “which we no longer believe is the best convenience of the company’s needs.”
The transition to Texas would allow the company to provide concession tax fees – which amounted to $ 250,000 in the recent period – while allowing “greater flexibility for strategic companies procedures”, according to the provision of the deposit. Dilayer law, although it is more advanced, “can be unspecified” and “may be less predictable to an innovative company like Mercadolibre.”
After an X account called see delaware posted on April 18 about the planned Mercadolibre step, Musk commented: “At this stage, any lawyer recommends establishing in the state of Dilayer is a misconduct.”
DEAWARE vacation includes a website that says it is “dedicated to highlighting what we have to leave, bias and transgression in the Dillauer State Court.” X account contains 88,500 followers.
A spokesman for the Dillauer State Governor’s office – who was dealing with responses to this issue – immediately did not respond to the request for comment.
Bloomberg News reported that Meta Platforms Inc. Several states are taught for potential re -establishment. Dropbox Inc. The transfer of its legal home to Nevada, according to the submission of a file with the US Securities and Exchange Committee, while Bill Akman said on the first of February on X that the hedge funds company in Birching Square was re -merged its administrative company in Nevada.
Mercadolibre, which has been circulated publicly since 2007 and has a market value of more than $ 110 billion, plans to employ 28,000 people this year throughout Latin America and invest more than $ 13 billion. Her shares rose 29 % this year.
This story was originally shown on Fortune.com
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2025-04-28 21:23:00
