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NetEase acquires Bel-Air mansion from Elon Musk
PUBLIC · NTESSep 18, 2026•about 2 hours ago
Acquiring Company
NetEase
Acquired Company
Elon Musk
LondonSan FranciscoOtherFinancial Services
Description
NetEase, a Chinese tech giant, purchased a Bel-Air mansion from Elon Musk for $29 million in 2020. Musk originally bought the property in 2012 for $17 million. The transaction highlights the rapid appreciation of high-end property values in Los Angeles. The mansion has been a part of Musk's extensive property portfolio in the area.
Company Information
Company
NetEase
Location
London, Ontario, Canada
About
NetEase Games is a leadingprovider of self‐developed PC‐client and mobile games to worldwide users. In partnership with Blizzard Entertainment, Mojang AB (a Microsoft subsidiary) and other global game developers, the company also operates some of the most popular international online games in China. NetEase Games was formally established in 2001 by NetEase, a leading internet technology company in China.
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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Frequently asked
Who acquired Elon Musk?
Elon Musk was acquired by NetEase, based in London. The deal was reported on September 18, 2026. NetEase Games is a leadingprovider of self‐developed PC‐client and mobile games to worldwide users. NetEase is publicly traded (NTES).
When did NetEase acquire Elon Musk?
NetEase's acquisition of Elon Musk was reported on September 18, 2026. NetEase, a Chinese tech giant, purchased a Bel-Air mansion from Elon Musk for $29 million in 2020. Musk originally bought the property in 2012 for $17 million. The transaction highlights the rapid appreciation of high-end property values in Los Angeles. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Elon Musk do?
The financing plan comes after Mr Musk made a $43 billion offer to take Twitter private, a bid that the San Francisco-based company has still not responded to. It is privately held, operating in Other, and is based in San Francisco.
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London
San FranciscoOtherFinancial Services