minus-squareportifornia@lemmy.worldtoNews@lemmy.world•Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial CrisislinkfedilinkEnglisharrow-up1arrow-down2·edit-28 months agoI’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’ linkfedilink
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’