Who bought out Carnegie Steele to form us Steele?

U.S. Steel was formed in 1901 when J.P. Morgan and a group of investors bought out Carnegie Steel, which was founded by Andrew Carnegie. This acquisition aimed to create a massive steel corporation that would dominate the industry in the United States. The merger combined Carnegie's production capabilities with the financial resources of Morgan, leading to the establishment of the first billion-dollar corporation in American history.