I’m guessing here, I don’t think Musk, the person, took out the loans, I think xitter did. So if xitter defaults, Musk’s assets aren’t on the line.
Edit for clarity: ‘leveraged buyout with debt reassignment post acquisition’
Wish I would have walked out of The Blair Witch Project.
They have a habbit of spending billions on stock buybacks to keep their prices high 🫠
Well of course not. Our country was founded on it, after all!
Lots of places do this now, unfortunately.
Nom nom nom!
And that is why the Snozzberries taste like Snozzberries!
Also I’ll never call Twitter anything but Twitter.
I don’t know, I think there’s room for appropriate change here;
I admit, my suggestions could use more help, but surely we must admit they’ve devolved from Twitter!?
Great article! Thanks for the share.
I knew it wasn’t you all along! 😜
‘he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.’